Cap. 395 чл. 40Credit and debit notes.

(1) This article shall apply where a registered person has issued a tax invoice in respect of a business activity and -

(a) that activity has been cancelled; or

(b) the previously agreed consideration for the activity has been altered whether due to an offer of discount, not being a discount for prompt payment which is clearly stated on the face of the tax invoice, or otherwise; or

(c) the products and services or part of the products and services supplied have been returned to the person carrying out the business activity.

(2) Where this article applies, the registered person carrying on the business activity shall issue to the other person paying for that business activity a credit note or, as the case may be, a debit note containing such particulars as may be prescribed, to adjust the amount shown on the tax invoice to the amount that would have been so shown if -

(a) the cancellation or alteration referred to in subarticle (1)(a) and (b) had taken place before the tax invoice was issued;

(b) the goods and services returned had not been supplied or provided, as the case may be.