Berkeley Clock, The Circus, St. Kitts
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Part-Exchanges, Returned Goods, Deposits, etc

This guide explains the details of what you need to do when you issue or receive a credit note or a debit note.

If a person returns goods to a supplier for a full or partial credit the supplier shall adjust the VAT on the transaction by replacing the invoice, or issue a credit as appropriate.

If you replace returned goods with goods of lesser or greater value, you must adjust the VAT on the transaction by issuing a credit note or debit note.

If you obtain a credit note or debit note or issue a credit note or debit note, you must record this in your records. On your next VAT return, you must record the adjustments in the appropriate columns.

In this section...

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Contact Us

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The Tax Reform Unit (St. Kitts)
Inland Revenue Department
3rd Floor E.C. Daniel Building
Cayon Street
Basseterre
St. Kitts

Tel: (869) 467-1931
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

The Tax Reform Unit (Nevis)
Inland Revenue Department
Main Street
Charlestown
Nevis

Tel: (869) 469-5521 ext. 2221
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

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