MAN (90/431)

No. 5585

Decision given 24 January 1991.

Bad debt relief – Cessation short of liquidation – Invoices sent to company which later ceased to trade – Company never liquidated – Invoices never paid – VAT on these invoices not accounted for by the appellant – No bad debt relief – Value Added Tax Act 1983, sec. 22 (now amended).

  The issue was whether the appellant should be allowed bad debt relief as the company, to which the invoices were issued, had ceased to trade but had not become ‘insolvent’.

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