VATupdate

Share this post on

HMRC Updates VAT Notice 700/18: New Guidelines for Bad Debt Relief Claims

  • HMRC updated VAT Notice 700/18 on Bad Debt Relief.
  • The update details when and how businesses can claim relief.
  • Businesses can claim if they have unpaid supplies and meet specific conditions.
  • Conditions include accounting for VAT, writing off the debt, and a six-month unpaid period.
  • Claims must be made within four years and six months of the due date.

Source: marcusward.co

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.



Sponsors:

Pincvision

Advertisements:

  • Basware