15 Assignment of debts
Finance Act 1999 (1999 c 16) | Legislation

15  Assignment of debts

(1)     In section 36 of the Value Added Tax Act 1994 (bad debts), for subsection (3) there shall be substituted—

“(3)     In subsection (2) above “the outstanding amount” means—

(a)     if at the time of the claim no part of the consideration written off in the claimant's accounts as a bad debt has been received, an amount equal

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