This code list defines the reasons for issuing a Credit Note or Debit Note. These reasons are used to indicate the business justification for adjustments made to previously issued invoices, including cancellations, value corrections, quantity changes, or other amendments.
| Code | Name/Description |
|---|---|
CAN |
Cancellation or return
Supply has been cancelled or goods have been returned, resulting in a full or partial reversal of the original transaction |
VAT |
Change in VAT treatment
Adjustment due to a change in the VAT treatment of the supply, resulting from a reclassification of the nature of the supply |
VAL |
Change in value
Adjustment to the value of the supply due to changes in price, discounts, or additional charges |
QTY |
Change in quantity
Adjustment to the value of the supply due to changes in the quantity of goods or services originally invoiced |
OTH |
Other
Any other reason for issuing a Credit Note or Debit Note not covered by the specified codes |