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VAT on incentives

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT on incentives

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by ladyh.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • February 23, 2016 at 9:45 am #301664
    ladyh
    Member
    • Topics: 2
    • Replies: 8
    • ☆

    Good morning,
    I am wondering if you can help me with whether VAT can be charged for an incentive payment i.e. a sub contractor acheives a set target so an incentive is paid. Would there be VAT payable on the incentive payment?

    Thanks

    February 24, 2016 at 8:51 am #301795
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The sub contractor should issue a VAT invoice for the full value of the taxable supply

    March 2, 2016 at 8:33 pm #303117
    ladyh
    Member
    • Topics: 2
    • Replies: 8
    • ☆

    Thank you

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