- Relief from VAT on bad debts is available if you supply goods or services and are not paid.
- Claims should be made on the VAT return for the period when entitlement arises.
- The claimed amount should be included in the input tax claim box.
- Businesses using the annual accounting scheme can account for VAT and claim relief on the same return.
- All conditions for relief must be met by the end of the accounting period.
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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