Legal advice
Legal advice
Out of context: Reply #8
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- whitewolf0
Are you freelance? Contractor?
"unpaid invoices" can be submitted as a write-off.
And in some cases it raises awareness to tax authorities to look into the client's tax behavior--if they are not paying clients the full amount due, chances are they just as shady with their taxes.
Could be a nice way to still get your $$ due in a round about way, while feeding the client to the wolves....
- This is a belter! I am just looking to see if this is the case in the UK
chossy - Excellent you can in the UK. Thanks for this I had no idea this was available.
chossy - unpaid invoices as a write off!!! are you serious?ohhhhhsnap
- The tax from those invoices can be claimed back. So for a cash flow perspective its goodchossy
- Wow, that's something I didn't know either. Hopefully I'll never have the need to use that, but it's certainly good to know about.Wolfboy
- This is a belter! I am just looking to see if this is the case in the UK