Some banks and card companies issue corporate purchasing cards, sometimes known as procurement cards. They eliminate some of the paperwork concerning the purchasing process, but are compatible with VAT accounting requirements.

Normally, where such cards are used, suppliers are not required to issue invoices to their customers. The invoicing is carried out by the customer's card company or bank, using transaction information that has been transmitted through the purchasing card system (Notice 701/48/2002, para. 1.2).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.