CIC Association

Serving Community Enterprise

hi there, would anyone be able to help me with the following matter? 

i am hoping to launch a local business directory and sell advertising space within its pages. 

how would this venture work with regards VAT?

Must i pay VAT on any in-directory advertising space that is sold?

i find HMRC website a bit of a minefield!

 

thanks

Pete

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Comment by Peter McNab on November 7, 2012 at 14:38

Hi John

 

Thank you so much for taking the time to reply.  HMRC eventually got back to me and confirmed what you have stated.  I was merely hoping there may have been some tax exemption in this area for a CIC.

Agan, thank you and good luck with your business venture!

 

Pete

 

Comment by John Mulkerrin on November 7, 2012 at 12:49

Hi Peter

Please post in http://cicassoc.ning.com/group/accountsgroup to get a formal answer. Generally CIC are subject to tax as per any normal Limited Company.

John

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