Page 34 - P6 Slide Taxation - Lecture Day 3 - VAT Part 2

15. TIME OF SUPPLY [s 9]

Time of supply?

1.rule [s 9(1)] – KL 2 Earlier of:

● date of invoice issued or

● date on which payment is received by the supplier.

Note: Date on which goods/services are physically

supplied/rendered plays no role, except if connected persons are

involved.