Explain the requirements of an application for refund of VAT paid in respect of Bad debts.

      

Explain the requirements of an application for refund of VAT paid in respect of Bad debts.

  

Answers


Wilfred
Requirements of application for Bad debt refund of VAT
i) Where the debtor has been legally declared insolvent by the courts
ii) The debt has been outstanding for more than 3 years (esc 24A Cap 476)
iii) Refund to be claimed within 5 years
Wilfykil answered the question on February 25, 2019 at 09:55


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