How taxpayers could claim bad debt VAT relief after BT and GMAC

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How taxpayers could claim bad debt VAT relief after BT and GMAC

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BT and GMAC’s victory in a landmark case at the UK’s Upper Tier Tax Tribunal earlier this month allowing them to claim VAT rebates on bad debts from 1973 to 1997, opens the door for many other companies to make claims of their own.

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