I can help.
Firstly though, most people who de-badge in the UK (but not all) de-badge because they drive a smaller engine - on the V40 you can't tell the difference between T2 and T5 externally. However, some do debadge as they like the cleaner look and/or actually do drive a T5 etc but don't want to shout about it and get it nicked. It doesn't matter - each to their own.
On the continent, it's pretty much the opposite way round - in Germany, most de-badged motors are high-end models such as 535 or E350. They like the sleeper look.
Anyway, going onto badges on the V40. I think the Volvo badge is best left on, but the V40 and engine number looks ok when removed.
If heated up slightly with a hairdryer, they come off quickly and easily, and then use some WD40 to remove glue residue. The only problem you can have, is where the sun has affected the area, so sometimes you can still see the outline of the badge where paintwork has faded. A polish can get rid of this, but not always. It would depend how old the car was - the older the harder it is to get rid of it.
If you want to do it, just do it and polish up if required. If it leaves an outline, then you can always re-badge though. The actual Volvo lettering is on the black part, so proabably won't be an issue.
Easy job to do yourself or let the garage do it.
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