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A & J Owen Window Cleaning

  • Posts: 2192
Re: Bad debt - can you offset against tax?
« Reply #20 on: March 27, 2010, 10:24:05 pm »
you can mate just put them down as a loss have done this meself

Re: Bad debt - can you offset against tax?
« Reply #21 on: March 28, 2010, 08:37:21 pm »
Quite a simple question - anybody know if you can offset custies who owe you and where the debt is irrecoverable against tax. I'm not VAT registered (if that makes a difference).

Cheers


You only pay tax against what income you get in, if you dont get paid from a customer that is not income.



Matt

Sorry Matt but thats not true, you must put down ALL value of work done even if you have not been paid for it. You can offset debts and that will include all outstanding money as of your 'year-end'