Commissions Taxable?

marine
marine Registered Posts: 31 Regular contributor ⭐
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

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Comments

  • Nilesh Mandvia
    Nilesh Mandvia Registered Posts: 91 Regular contributor ⭐
    Why not taxable?

    Tim

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

    Nilesh
  • peugeot
    peugeot Registered Posts: 624 Epic contributor 🐘
    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
    marine Registered Posts: 31 Regular contributor ⭐
    Thanks steve, just making sure.

    I was making sure Nilesh.

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