Explanatory note
(This note is not part of the Regulations)
These Regulations, which are made under section 11 of the Finance Act 1990, regulate the administration of relief for VAT included in bad debts.
Regulations 3 and 4 specify the procedure for claiming relief and the evidence to be held in support of a claim.
Regulation 5 prescribes the records required to be kept by the claimant.
Regulation 6 provides for the preservation and production of documents and records.
Regulation 7 provides for the attribution of a payment received in relation to more than one supply.
Regulation 8 deals with the circumstances in which refunds are repayable by the claimant.
Regulation 9 deals with the writing off of debts.