VAT ~ rural payments agency single payment scheme
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clearaccounting100
Registered Posts: 49 Regular contributor ⭐
Hi everyone, this is most probably a really stupid question, i have just took on a client with a small holding and i am doing his VAT return. He has goverment subsidy under the RPA Rural payments agency single payment scheme. I am assuming that these payments that he receives do not contain any VAT, does anyone know if this is correct? If so please please let me know, I have trawled the internet, for the answer not got a solid answer :confused1: Thanks
0
Comments
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You are correct no VAT as they are a subsidy. As well as the SPS there are others from the RPA such as Environmental Stewardship.
These are taxable though.Regards,
Burg0 -
Thanks a lot for that, its much appreciated :001_smile:0
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