Last edited 04 Feb 2022

Remissions

Functional Standards Common Glossary, published by the Cabinet Office, states: ‘Remissions are debts capable of recovery but the organisation has decided not to pursue the liability on the grounds of value for money or hardship. As with a write-off, this would be recorded in the annual report and accounts as a reduction in the value of the receivable, or as an expenditure..’

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