Bad Debt Write Off and DRC

Question

I have to write off a bad debt. 
 The original Invoice was on Tax Code T26 (CIS Reverse Charge - Standard Rate). 
 When I enter a Credit Note to write off the bad debt, do I use T26 again or T9?

Andy Rickeard · Answer

Hi Sarah,

Thanks for using Community Hub.

We have two guides for this, which one you use depends on your VAT Scheme:

Standard VAT / Invoice Accounting >

Cash Accounting >

if this helps, please click Verify Answer.

Regards,

Andy
Sage UKI

Sage 50 Accounts

Bad Debt Write Off and DRC

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