S R Lynn & Co·Blog

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How to adjust VAT when you agree a price reduction

One of your customers refused to pay a sales invoice five years ago, which resulted in you taking legal action. The legal process has now ruled that you must reduce your invoices by 50% of the original amount. How will you deal with VAT on these invoices?

Boost cash flow with a CT refund?

Your company made a loss in its last financial year and is badly in need of an injection of cash. How can you turn the loss into a corporation tax refund, and what steps can you take to obtain this at the earliest possible date?

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