Detailed guidance on HMRC's view of the tax treatment of bad debts is given at BIM 42700ff. That guidance includes coverage on the following topics:

Accountancy practice

HMRC comment that:

‘accountancy practice accepts that events arising after the balance sheet date and before accounts are finalised may need to be reflected in the provision for bad and doubtful debts if they furnish additional evidence of conditions that existed at the balance sheet date’

(BIM 42705).

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