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VAT on bad debt relief ESC technical consultation

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HMRC is consulting until 16 December 2015 on a draft Treasury order containing amendments to VAT legislation to preserve the effect of extra-statutory concession (ESC) 3.20, which prevents insolvency practitioners becoming liable for clawback of input tax on bad debts, where the supply took place

HMRC is consulting until 16 December 2015 on a draft Treasury order containing amendments to VAT legislation to preserve the effect of extra-statutory concession (ESC) 3.20, which prevents insolvency practitioners becoming liable for clawback of input tax on bad debts, where the supply took place prior to the insolvency of the business for which they act. See www.bit.ly/1SfmKp1.

Issue: 1285
Categories: News , VAT
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