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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
For the upcoming SEISS grant claims this month (April 2021), HMRC has been contacting some customers to confirm their eligibility. These customers are being asked to provide proof of ID and trade. Passport or driving licence are acceptable plus three months bank statements from their business accounts for the 2019-20 tax year. From mid April, … Continue reading
Phoenix Debola 