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Commissions Taxable?

marinemarine Feels At HomeRegistered Posts: 31
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

Comments

  • Nilesh MandviaNilesh Mandvia Feels At Home Registered Posts: 91
    Why not taxable?

    Tim

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

    Nilesh
  • peugeotpeugeot Experienced Mentor Registered Posts: 624
    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
  • marinemarine Feels At Home Registered Posts: 31
    Thanks steve, just making sure.

    I was making sure Nilesh.
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