Posted 09/11/2017 In Tax Tips 2017-11-092017-11-09https://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.pngWright Vigarhttps://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.png200px200px 0 0 Following recent litigation concerning the bad debt relief legislation, claims relating to supplies of goods made between 1 April 1989 and 19 March 1997 will be paid by HMRC, subject to satisfactory evidence that the bad debts occurred and that the VAT hasn’t been previously reclaimed. The reason that VAT had not been previously claimed on the bad debt is because the goods would have been supplied subject to a retention of title condition. (Romalpa clause). If you think you may have supplied goods under a Romalpa clause and not claimed bad debt relief, please contact David Barraclough for further information. Recent PostsBe aware of tax obligations when investing in cryptoassetsRe-registration Required for High-Income Earners Receiving Child BenefitWright Vigar Announces 2024 Charity of the Year Initiative: Supporting Local Hospices