vat on compensation

i have a client who has received a compensation payment from the water board for loss of takings

i am not clear whether this receipt should be subject to vat or whether it is outside the scope

any help or advice would be useful

thanks

martyn
Martyn Scott Thacker

Comments
There are 5 comments. Login or register to view them.

I may very well be wrong

Anonymous |

No supply = no output VAT

Anonymous |

Vatable

Anonymous |

Not yet seen any VAT on compensation

Anonymous |

Loss of trade compensation = not a supply

Anonymous |