Donation to my business....?

Posted by Anonymous PM | on Wed, 02/06/2010 - 14:21 764 17 comments | report

My company has undertaken some repair work to a road belonging to it which services a number of other properties and has received a 'donation' in respect of that work from a local business which uses the road.

Do we need to account for VAT on this 'donation?

Thanks for any answers.

Comments

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Depends

neileg | Wed, 02/06/2010 - 15:14

No Liability...

Anonymous | Thu, 03/06/2010 - 08:10

Net off

petersaxton | Thu, 03/06/2010 - 08:21

Net off...

Anonymous | Thu, 03/06/2010 - 08:34

Calculation

petersaxton | Thu, 03/06/2010 - 08:45

No supply means no VAT...

Anonymous | Thu, 03/06/2010 - 10:45

No supply?

Anonymous | Thu, 03/06/2010 - 10:53

Too much

petersaxton | Thu, 03/06/2010 - 12:30

Use of road

petersaxton | Thu, 03/06/2010 - 12:31

That's what I am afraid of,

Anonymous | Thu, 03/06/2010 - 12:36

I don't consider it a donation

petersaxton | Thu, 03/06/2010 - 12:46

No supply = no VAT

DMGbus | Thu, 03/06/2010 - 13:38

Reduced expenditure

petersaxton | Thu, 03/06/2010 - 15:00

But...

Anonymous | Thu, 03/06/2010 - 15:27

What's your net expense?

petersaxton | Thu, 03/06/2010 - 15:47

Not sure I agree, Peter

andypartridge | Thu, 03/06/2010 - 16:40

Not an expert either

petersaxton | Thu, 03/06/2010 - 17:18