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Do you need to make an adjustment for unpaid invoices?

Do you need to make an adjustment for unpaid invoices?

7th January 2020
Your business has some unpaid purchase invoices in the 90-day+ column of its aged creditors report. Input tax has been claimed on these invoices. Why does this lead to a problem and how could you avoid it in the future? Bob Johnstone from our Galashiels office investigates. If you pay and claim VAT based on...