This research note focuses on how value added tax (VAT) payers in the Czech Republic use the opportunity to correct the tax on receivables from debtors in insolvency proceedings. In standard mode, the VAT payers’ output tax obligation arises at the time of the chargeable event, regardless of whether invoices have been paid. The tax payment under the standard VAT seems unjust. The VAT should respect the principle of neutrality and should not constitute a financial burden for companies (Fraile and Martin, Indirect Tax Briefing 2012, and Owens, World Commerce Review 2011). Following the Council Directive 2006/112/EC, the opportunity to correct the amount of VAT for receivables from debtors in insolvency proceedings was introduced by the Czech Republic in 2011. At that time, similar provisions were in force in several EU member states, such as Belgium, Luxembourg, Denmark, Germany, France, Portugal, Ireland, Austria, Italy, Greece, Latvia, and the United Kingdom. A supplier (creditor) may correct the amount of the output tax on the chargeable event. This may happen if a buyer (borrower) did not pay for the goods or provided services, and if the bankruptcy court commenced insolvency proceedings against the debtor. This option is possible only for suppliers who meet conditions set by law. In 2011, this option was utilized by 1,091 taxpayers, and the total tax was 482 million CZK. In 2012, correction of the tax was utilized by 994 taxpayers, in the amount of 390 million CZK (internal data General Financial Directorate 2013). This measure actively responds to the current economic situation. This anti-crisis measure helps firms whose cash flow is reduced by bad debts from debtors in insolvency proceedings, particularly in connection with the increasing number of firms in insolvency. The number of insolvency petitions was 11,269 in 2013 compared to 3,418 in 2008 (Creditreform 2013). Int Adv Econ Res (2015) 21:129–130 DOI 10.1007/s11294-014-9499-3