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This is an introduction to the VAT rules relating to bad debts, and the adjustments that debtor and creditor are required to make.

Late payments are an issue for more than half (53%) of Britain’s small and medium-sized businesses (SMEs), according to Zurich’s latest SME Risk Index.

We obviously try very hard to collect the money you are owed, but when we can’t then Court action might be the only route. The process for making a claim is very straight forward and can be done online. I have outlined the process below.

We are pleased to offer all of our members instant online International Credit Checking. We offer:

Instant information to over 139 million reports from more than 200 countries