In these uncertain times, it is likely that most businesses will experience bad debt. Whilst efforts can and should be made to recover these balances it is sometimes not possible to do so and the impact on cashflow can be significant. However, one important tool to take note off is the bad debt relief which a VAT registered business can recoup from HMRC.
Source: keebles.com
Latest Posts in "United Kingdom"
- HMRC Guidance: Updates on VAT appeals
- VAT Exemption for Medical vs Cosmetic Treatments: Key Tribunal Guidance for Clinics and Practitioners
- HMRC Updates Guidance on Lost VAT Appeals: New Cases Added and Amended
- VAT Recovery Falls Despite Increased Crackdown on Business Tax Avoidance, HMRC Figures Show
- VAT Late Filing Penalties: Software Failure and Employee Error Not Reasonable Excuse, Appeal Dismissed
