The amount of VAT payable can be affected by discounts, including prompt payment discounts, unconditional discounts and contingent discounts.

This is a freeview 'At a glance' guide to discounts and VAT. 

Prompt payment discounts

Unconditional discounts

Contingent discounts

Contingent discounts override

Debit notes

Useful guides on this topic

Discounts, Reward Schemes & Vouchers: VAT
Loyalty and reward schemes come in various shapes and sizes and the VAT implications may vary depending on the type of scheme offered. This guide covers some common schemes.

Input VAT: What constitutes a valid claim (& VAT invoice)?
What is Input VAT? Who can claim it? What is needed for a valid claim? What needs to be included on a VAT invoice and can you make a claim without one? 

Correcting VAT errors
What are the VAT error correction time limits? Can you correct errors through the VAT return? Do you have to notify HMRC?


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