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Commentary

B5.625 Check traders

Business tax

HMRC guidance includes commentary on the taxation of check traders1. HMRC's preferred basis of computation involves the adoption of all of the following:

  1. Ìý

    •ÌýÌýÌýÌý the full amount of the service charge is to be brought to account when a check is issued

  2. Ìý

    •ÌýÌýÌýÌý discount

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