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

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING