The easy way to claim VAT bad debt relief and maximise refunds

VAT Bad Debt Relief claims in insolvency

We provide experienced hands-on resource that gives insolvency practitioners a cost-effective and efficient way to handle the work involved in processing VAT Bad Debt Relief claims and maximise refunds.

If you already include VAT Bad Debt Relief in your service offering,you’ll know how much time-consuming clerical work is involved. With our experienced team on the task, your people are freed from the need to spend time poring over ledgers and recreating paper invoices and can focus on higher value activities.

If VAT Bad Debt Relief isn’t currently part of your offer,then you’re missing an important opportunity to maximise realisations for client estates. Our service gives you a competitive advantage, allowing you to confidently include VAT Bad Debt Relief in your marketing and to say yes to jobs where claiming the relief may be a specific requirement.

Worthwhile claim opportunity

VAT Bad Debt Relief may be claimable on any uncollectable invoice. Successful claims can provide substantial additional creditor funds, either directly as a monetary consideration or indirectly by reducing any HMRC claim through Crown Set Off.

Flexible services

Our VAT Bad Debt Relief services are available on a case-by-case basis or as part of a full outsourced solution.

You can bring us in at any point – but strict time limits on claims mean the sooner we start work, the better the results.

Fees are an agreed percentage of any refunds we achieve for your client.

And because our services are charged as a disbursement, there’s no concern about how to justify time costs in your client reports – particularly useful where VAT Bad Debt Relief claims are being made in order to reduce an HMRC claim.

What our VAT Bad Debt Relief services include

Here’s what our VAT Bad Debt Relief team can do for you:

Identify potential claims

Going back for the four years and six months qualifying period, we collate bad debts written off and unpaid invoices on which the client has paid the VAT but that are noted as uncollectable or have queries against them suggesting they may be uncollectable. We then check any queries with the relevant manager and complete a list of potential claims.

Provide details for claims where VAT registration remains open

Where VAT registration is still open, we provide you with full claim details for inclusion in VAT returns.

Check potential claims for eligibility

To make sure claims are eligible, we check that each supply was not made at above the customary selling price and that the debt has not been sold or factored (unless it has been reassigned to the company).

Prepare HMRC claims where VAT registration is closed

If the VAT registration has been cancelled, we prepare full claim documentation for HMRC. This can include recreating hundreds of paper copies of invoices to meet HMRC’s need for hard copy versions.

Whether you need help with a current case or simply want to talk about how we could work together, give us a call on 0121 333 1295 or…