Writing off Withholding Tax

Shouldn’t revenue be recognised in the correct period though?
It’s not exactly captured correctly on a cash basis.

If that’s what you want to do with the revenue - then do that, but, the WHT can’t be recognised in your accounts until you receive the money as the WHT directly relates to the payment, not the revenue.

But that equally applies to all businesses who operate on a cash basis, but it is an accepted practice.

@JPTrades - this topic might help you