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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4973
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Is profit share subject to VAT

Customer Question

Is profit share subject to VAT
Submitted: 3 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

Profit is not subject to VAT. Instead it is subject to Income tax or Corporation tax.
VAT is chargeable on goods sold and services provided.

I hope this is helpful and answers your question.


If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

Expert:  taxadvisor.uk replied 3 years ago.

Hello Sulwen

I notice you have viewed my response to your question “is profit share subject to VAT”( JACUSTOMER-5o03rzcq- Last Viewed on 12/11/2013 at 09:41).

Just checking to see if you have any issues relating to your question that I may not have addressed.


Please let me know if I can be of further assistance.

If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to you.

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