A taxable activity is an activity carried out continuously or regularly by a business, trade, manufacturer, professional, association or club. It includes any activity that supplies, or intends to supply, goods and services to someone else for a consideration (money, compensation, reward) but not necessarily for profit. We refer to these goods and services as “taxable supplies”.

Taxable activities don’t include:

  • work for salary or wages
  • being a company director
  • hobbies or any private recreational pursuit
  • private transactions such as the occasional sale of household or domestic items, or
  • exempt supplies, such as:
    • letting or renting a dwelling for use as a private home
    • interest you receive
    • donated goods and services sold by a non-profit body, and
    • certain financial services.