tax

This tag is associated with 24 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

Based in the UK and (thinking of) getting paid in Crypto?

Cryptocurrency received for services you provide is ‘income’ and may be liable to tax and national insurance contributions (NIC). If due and if the tokens are readily convertible assets, these must be paid before the crypto is paid to you. Tax and NIC paid on your behalf by your employer must be reimburse within 90 … Continue reading

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