Market leading insight for tax experts
View online issue

VAT focus – GMAC and the recovery of VAT on bad debts

Speed read

Speed Read: The First Tier Tax Tribunal recently ruled in the case of GMAC UK plc v HMRC, that certain restrictions (namely the insolvency and property requirements) formerly applied to bad debt relief claims in the UK were not compatible with EU law. Furthermore, the three (now four) year cap on retrospective VAT claims cannot be applied to these circumstances. The decision therefore paves the way for businesses to potentially make uncapped bad debt relief claims for the period between 1 January 1978 and 19 March 1997.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.