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Accountancy

– Vat Relief As Far Back As 1973!

brings you this report from Accountancy Age. A new ruling means that VAT relief on bad debts can be claimed from as far back as 1973!

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Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

Key Considerations

“A BILL running into billions of pounds could be on its way to the chancellor after an upper-tier tribunal ruled that VAT rebates can be claimed on bad debts for the period between 1973 and 1997.

The case was brought by BT and GMAC, which is the finance arm of General Motors, and HM Revenue & Customs is likely to appeal the decision, reports the Daily Mail.

BT stands to claim £92m as well as interest, while the total the exchequer could end up paying out could run into billions.”

Source: original article

If you need advice about claiming tax relief on bad debts, please contact and we will arrange a free one hour no obligation consultation. Also you can . Additionally, you can keep reading our daily blogs.

📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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