The value of a supply before VAT is added.
On a self-billed invoice the net is the pre-VAT figure; VAT is calculated on it, and gross is net plus VAT.
General information, not tax advice — confirm your own position with your accountant or HMRC.
The value of a supply before VAT is added.
On a self-billed invoice the net is the pre-VAT figure; VAT is calculated on it, and gross is net plus VAT.
General information, not tax advice — confirm your own position with your accountant or HMRC.
Raise your first compliant self-billed invoice today — free to start.