Value Added Tax Act 1994: Primary legislation governing VAT treatment of credit notes and tax adjustments in the UK
Bills of Exchange Act 1882: Fundamental legislation governing negotiable instruments and payment documents in English law
Consumer Rights Act 2015: Key legislation protecting consumer rights, applicable when credit notes are issued to consumers
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, including credit arrangements
VAT Regulations 1995: Detailed regulations (SI 1995/2518) specifying VAT requirements for credit notes and adjustments
HMRC VAT Notice 700/45: Official guidance on correcting VAT errors and making adjustments or claims
Making Tax Digital Requirements: HMRC's digital tax reporting requirements affecting how credit notes must be recorded and reported
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing interest on late payments in commercial transactions
Supply of Goods and Services Act 1982: Legislation governing the supply of goods and services, including terms about payment and credit
Financial Services and Markets Act 2000: Regulatory framework for financial services and markets, relevant if credit arrangements fall within regulated activities
Consumer Credit Act 1974: Legislation regulating consumer credit arrangements and related documentation
UK General Data Protection Regulation: Data protection legislation governing how personal information must be handled in credit documentation
Data Protection Act 2018: UK's implementation of data protection requirements, including processing of financial information
Electronic Commerce (EC Directive) Regulations 2002: Regulations governing electronic commerce and digital transactions
Electronic Communications Act 2000: Legislation governing electronic signatures and electronic credit note issuance
Common Law Contract Principles: Fundamental principles of contract law including offer, acceptance, consideration, and intention to create legal relations
Set-off and Counterclaim Principles: Common law principles governing the rights of parties to set off mutual debts and raise counterclaims
