Can I claim bad debt relief if I’m no longer registered?
Yes. But you must have all the information detailed in paragraphs 2.2 and 2.7 and write to your local VAT office giving: • your former VAT registration number; • the name and address of the debtor(s); • the amount of refund you wish to claim; • copies of other supporting evidence (for example, invoices); • proof that the debt has remained unpaid for 6 months from the date payment became due and payable, or the time of supply if later; and • proof that you possess a separate bad debt ledger. For supplies made to VAT registered customers after 26 November 1996 and before 1 January 2003, you must send a notice to the purchaser of the supply for which the claim is made, within seven days of making your claim. The notice must contain the information set out in paragraph 2.6, and you must retain a copy of it.
Related Questions
- What happens if I or one of my employees injures a registered finger and the fingerprint scanner was no longer able to recognize the original finger registration?
- When an apprentice is registered for two separate trades simultaneously, can the business claim the credit for both trades?
- Can I claim bad debt relief if I’m using a Margin scheme?
