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Where Taxpayers and Advisers Meet

Compensation

DavidFraser
Posts:16
Joined:Wed Dec 13, 2017 3:33 pm
Compensation

Postby DavidFraser » Tue Sep 04, 2018 12:28 pm

An individual received a compensation payment from his electricity supplier as a result of a power cut. I assume this payment is not subject to income tax as it relates to a hardship issue but I should be grateful for any comments.

pawncob
Posts:5090
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Compensation

Postby pawncob » Tue Sep 04, 2018 12:31 pm

If it's not a business account, he's probably OK.
With a pinch of salt take what I say, but don't exceed your RDA


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