VAT
Bad debt relief or credit note - which is better?
You’re worried that one of your customers is about to go under owing you a lot of money. You’ve agreed to write off part of the debt if the balance is paid immediately. How soon can you get a refund of the VAT you’ve paid on the bad debt?
Access to this part of
Tips & Advice Business Database is only available to subscribers.
Don't have a subscription?
Subscribe now for immediate access to all the features.
Subscribe