Credit Note Query

This discussion clarifies that a credit note cannot be issued in 2020 for an invoice from March 2018, even if the goods were taken as free samples. UK tax regulations stipulate that credit notes must be declared in the return for the month of issue, but no later than September following the end of the financial year the supply was made, or the annual return date, whichever is earlier. Therefore, the opportunity to raise a credit note has passed.