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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
A Good-To-Know List for Directors: As far as PAYE is concerned, a director is an employee of their company. A director is neither a self employed nor a freelance worker performing tasks for their company. Therefore a director is not eligible for the Coronavirus Grant for the self-employed. A director on payroll on 28 February … Continue reading
Phoenix Debola 