(LON/95/3145) No. 14,669.

Decision given 7 January 1997.

Accounting and records – Decrease in consideration – Documentary evidence required – Preliminary issue of law – Whether issue of credit note mandatory – Whether taxpayer entitled to use any appropriate method of reducing taxable amount – Directive 77/388, the sixth VAT directive, art. 11(C)(1); Value Added Tax Act 1994, Sch. 11, para. 2(10)(b) and 5(2); Value Added Tax Regulations 1995 (SI 1995/2518), reg. 24, 31(1) and 38.

  The issue was whether the commissioners could require evidence by way of a credit note or similar document of any decrease in consideration for a supply.

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