abs
New Member
I have a hypothetical question about filling in a tax return.
If there is a bad debt written off (over six months) say sales of £200 plus £30 VAT. I know that the £30 VAT should be included in box 4 (VAT on inputs) but where do I include the £200, does it get deducted off Box 5 (sales) or added to box 7 (purchases).
Any advice would be appreciated
If there is a bad debt written off (over six months) say sales of £200 plus £30 VAT. I know that the £30 VAT should be included in box 4 (VAT on inputs) but where do I include the £200, does it get deducted off Box 5 (sales) or added to box 7 (purchases).
Any advice would be appreciated