VAT bad debt relief
SharifaK13
Registered Posts: 1
Hi, I am slightly confused on this sample qn in BPP:
A business intends to claim VAT bad debt relief for an overdue debt amounting to £10,440 including VAT at the standard rate of 20%. Calculate the VAT that can be reclaimed.
Any help please?
A business intends to claim VAT bad debt relief for an overdue debt amounting to £10,440 including VAT at the standard rate of 20%. Calculate the VAT that can be reclaimed.
Any help please?
0
Comments
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Divide by 61
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... assuming that it meets the Bad Debt Relief criteria concerning the age of the debt etc then that is absolutely correct.0
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