bad debt relief

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:28AM in AAT student discussion
I'm really stuck...... Does anyone know how to adjust for bad debt relief in a VAT return?? I have no idea where to start.

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    bad debt relief

    Bad debt relief comes under 'input' tax, so basically you add it on to your purchases tax, petty cash tax etc
  • System
    System Posts: 100,534 🤖 Admin 🤖
    bad debt relief

    Ahh that sort of makes sense but do I not need to adjust any of the sales/purchases figures in boxes 5-9??<BR>Thank you for your help!

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