Your customer is bankrupt and you still have to send them an invoice, now what?
You prepare the invoice as you normally would and send it to the company. Your invoice will then reach the trustee, who will take it into account when distributing the estate (as it’s called).
You will then be notified by the trustee whether your invoice will be paid to you in full, in part or not.
If the trustee pays your invoice in part or not at all, please send that message via email to your team. Your team will adjust the VAT return for the quarter in which this invoice was sent. This way we prevent you from paying 100% of the VAT on that invoice when you shouldn’t have too.