Taxation

This category contains 48 posts

Are grants and/or donations vatable income?

HMRC says: “Income will be outside the scope of VAT if it is not payment given in return for a supply of goods or services. It is important to establish that an income described as grant or donation is actually an income that is freely given and the donor does not receive anything in return. … Continue reading

Code of Practice 9 (COP9) Tax Investigations

If you receive a letter referring to COP9, it means you’re being given the opportunity to make a complete and accurate disclosure of all deliberate and non-deliberate conduct that have led to suspected irregularities in your tax affairs. If HMRC suspects that a full disclosure is not made, they reserve the right to trigger a … Continue reading

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