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VAT on bank charges?

 
 
T.J.
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      04-22-2007, 03:49 PM
Hi all,

Do we pay VAT on bank charges?
and do we pay corporation tax on
bank interest?
TIA.


 
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Peter Saxton
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      04-22-2007, 04:25 PM
On Sun, 22 Apr 2007 16:49:14 +0100, "T.J." <(E-Mail Removed)> 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
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T.J.
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      04-22-2007, 05:28 PM

"Peter Saxton" <(E-Mail Removed)> wrote in message
news:(E-Mail Removed)...
> On Sun, 22 Apr 2007 16:49:14 +0100, "T.J." <(E-Mail Removed)> 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)


 
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