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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4180
Experience:  FCCA FCMA CGMA ACIS
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Can I pay people who introduce clients to my business provide

Customer Question

Can I pay people who introduce clients to my business provide I have a paper trail of who they are and what I have paid them with out deducting tax
Submitted: 3 years ago.
Category: Tax
Expert:  bigduckontax replied 3 years ago.

Hello, I'm Keith and happy to help you with your question.

 

Yes, you can, you do not need to deduct tax. Just keep a record in the event of a possible future enquiry.

 

You have to account for your incoming fees of course and deduct the fess you pay and other business outgoings as expenses and make annual self assessment tax returns.