Commissions Taxable?

marine

Hi Guys

I have a client who is a limited company and has received some commissions only a small amount, just want to make sure is this taxable? or does it get added back on tax comp

Thanks in advance

Tim

Nilesh Mandvia

Why not taxable?

Tim

Why would commission not be taxable? Do they have any kind of special exemptions?

Nilesh

peugeot

Hi,

Commissions received would be treated as taxable income as I suspect (in your case), that your client has sold goods on behalf of a third party and is receiving commission based on the value of the sale.

Kind regards
Steve

marine

Thanks steve, just making sure.

I was making sure Nilesh.