Value Added Tax Act 1994: Primary legislation governing VAT in the UK, including requirements for credit notes and VAT adjustments
VAT Regulations 1995: Detailed regulations on VAT implementation, including specific requirements for credit note format and content
VAT Notice 700/45: HMRC guidance on how to correct VAT errors and make adjustments or claims through credit notes
Consumer Rights Act 2015: Key legislation protecting consumer rights, affecting how and when credit notes must be issued to consumers
Consumer Contracts Regulations 2013: Regulations governing distance selling and off-premises contracts, including requirements for refunds and credit notes
Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair business practices, influencing credit note policies and procedures
Companies Act 2006: Primary legislation governing company operations, including requirements for maintaining proper accounting records of credit notes
FRS 102: Financial Reporting Standard applicable in the UK, providing guidance on accounting treatment of credit notes
International Accounting Standard 8: Accounting standard covering accounting policies, changes in accounting estimates and errors, relevant to credit note handling
UK GDPR: Data protection legislation affecting how customer information is handled when processing credit notes
Data Protection Act 2018: UK's implementation of data protection requirements, affecting storage and processing of customer data in credit note systems
Privacy and Electronic Communications Regulations: Regulations governing electronic communications, relevant when issuing electronic credit notes
Finance Act 2008 (Schedule 36): Legislation covering record-keeping requirements for tax purposes, including retention of credit note records
Taxes Management Act 1970: Legislation governing tax management, including requirements for maintaining proper records of credit notes for tax purposes
Limitation Act 1980: Legislation setting time limits for legal claims, affecting the timeframe for credit note issuance and related claims
Electronic Commerce Regulations 2002: Regulations governing electronic commerce, including requirements for electronic credit notes and related communications
Electronic Communications Act 2000: Legislation providing legal framework for electronic communications and electronic signatures on credit notes
