Page 12 - P6 Slide Taxation - Lecture Day 3 - VAT Part 3
P. 12
Discounts, rebates and incentives:
When should a credit note be issued?
2 categories
Variable allowances Fixed allowances
- Early settlement allowances - New store allowance
- Growth rebates - Major refurbishment
allowances
It reduces the original Regarded as the
purchase price consideration for the supply
of a service
Credit note should be issued Tax invoice should be issued
→ Silke Example 32.44. → Silke Example 32.45.
