Download UK VAT Credit Note Template In Excel

UK VAT Credit Note is an excel template that helps to issue a VAT compliant credit note when the goods are returned or an invoice is overbilled.

A Credit note is a document that supplier issues to their customer for a reduction in invoice or discount in the price on the original VAT invoice. Goods return or reduction in billing amount reduces tax liability as the goods or services supplied have been reduced by the amount.

We have created a simple UK VAT Credit Note Excel Template with predefine formulas and formatting. Issue a VAT compliant credit note to your customer in a few minutes.

Contents of UK VAT Credit Note Excel Template

This template has 2 sheets: UK VAT Credit Note Template and Customer Database Sheet.

Customer Database Sheet

The customer database sheet consists of customer details as customer id, customer name, customer address, customer phone, Customer VAT number, and customer email address.

The purpose of creating this sheet to save time and simplify your work. You need to update the database sheet once with the customer details as per requirement.

Furthermore, a drop-down is created using the data validation function. When you select the customer name, the customer section fetches all relevant details using VLOOKUP function.

UK VAT Credit Note Template

Credit Note Template consists of 4 sections: Supplier Details, Customer Details, Credit Note Details, and Other Detail.

Supplier Detail

Supplier Details Section consists of the company name, logo, address and VAT number.

Customer Detail

Customer detail section consists of the following details:

Company Name
Street Address
Phone
Email
VAT Number
Credit Note Number
Date
Customer ID
Invoice Number

As already discussed, this section is interlink with data validation and the VLOOKUP function to the database sheet. Just select the name of customer and this section is filled automatically.

Credit Note Details

Insert the details of goods return or overbilling. This section consists of columns that are Description, Quantity, Unit Price and Amount. In the end, there is subtotal line.

Quantity X Unit Price = Amount.

Other Detail

Other details section consists following:

Also, Amount in words: It automatically convert the amount in words using Spell Number GBP.

Terms & Conditions: Insert your credit note with terms and conditions.

VAT computation: So, Insert the VAT percentage manually. The VAT amount is calculate on the percentage.

Taxable Amount X VAT % = VAT Amount

VAT Amount + Taxable Amount = Final Invoice Amount

Company seal: Moreover, After printing invoice you can stamp the invoice with a company seal.

Signature: Sign the invoice after printing the invoice by authorize personnel.

Thank You Note: Insert a thank you note of your choice here.

So, your VAT Compliant Credit Note is ready to print. It is helpful to small and medium scale businesses to issue a credit note.

Download this UK VAT Credit Note template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get UK VAT Credit Note Excel Template

Instruction :

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