20 October 2014 | Taxation
As of today, a 5p charge is levieed by the retailer on every single-use carrier bag sold in Scotland. Similar schemes have already been introduced in Northern Ireland and Wales.
Put simply, the 5p is incldued as part of your standard rated sales, and the ex-vat amount is extra taxable income/profit.
The information provided is for general information purposes only.
Legislation and details may have changed since this was written. The text may not include all matters that are relevant to your individual situation.
You should not make decisions, or refrain from making decisions, without taking further professional advice about your specific circumstances.
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