VAT on bank charges?

Discussion in 'UK Accountancy' started by T.J., Apr 22, 2007.

  1. T.J.

    T.J. Guest

    Hi all,

    Do we pay VAT on bank charges?
    and do we pay corporation tax on
    bank interest?
    TIA.
     
    T.J., Apr 22, 2007
    #1
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  2. T.J.

    Peter Saxton Guest

    On Sun, 22 Apr 2007 16:49:14 +0100, "T.J." <> wrote:

    >Hi all,
    >
    >Do we pay VAT on bank charges?


    Not for handling of money or the provision of credit.

    Financial or business advice is VATable.

    >and do we pay corporation tax on
    >bank interest?


    Yes.

    --
    Peter Saxton from London
     
    Peter Saxton, Apr 22, 2007
    #2
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  3. T.J.

    T.J. Guest

    "Peter Saxton" <> wrote in message
    news:...
    > On Sun, 22 Apr 2007 16:49:14 +0100, "T.J." <> wrote:
    >
    >>Hi all,
    >>
    >>Do we pay VAT on bank charges?

    >
    > Not for handling of money or the provision of credit.
    >
    > Financial or business advice is VATable.
    >
    >>and do we pay corporation tax on
    >>bank interest?

    >
    > Yes.
    >
    > --


    Thanks for the quick reply,
    I might have a few more questions over
    the next couple of hours ;o)
     
    T.J., Apr 22, 2007
    #3
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