Written question asked by Chris Bryant (Labour) on Monday, 24 February 2020, in the House of Commons. It was due for an answer on Thursday, 27 February 2020 (named day). It was answered by Jesse Norman (Conservative) on Thursday, 27 February 2020 on behalf of the Treasury.
Crowdfunding: Taxation
- Question
-
To ask the Chancellor of the Exchequer, whether HMRC will treat crowd funded payments to people affected by Storm Dennis as taxable income.
- Answer
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Gratuitous payments to people, made from a pot of funds raised by crowdfunding, will not be taxable income. To be gratuitous, there must be no agreement or expectation that the recipient will provide something in return.
Secondary information
- Type
- Written question
- Reference
- 19775
- Session
- 2019-21
- Subjects
- Taxation Revenue and Customs Storms Crowdfunding
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-08-07 15:04:24 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/19775
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/19775
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/19775