Set-off
Deducting money one party says it is owed from money it owes the other.
by Jack Butler-Kettle · About 1 min readShare
Further detail
Read this alongside section 111 of the Housing Grants, Construction and Regeneration Act 1996.
Set-off concerns using one asserted monetary claim against a sum otherwise payable. The basis may depend on contract or law, and payment-notice requirements can restrict what is payable in a particular cycle. The mere assertion of a counterclaim does not settle its validity or amount.
Separate the claimed entitlement from the payment procedure. Contra-charge review and challenge can help examine deductions and their supporting records.