Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: chopsie on January 12, 2011, 06:27:12 pm

Title: A tax question, what to put?
Post by: chopsie on January 12, 2011, 06:27:12 pm

This week i have introduced a charge of 50p for using nochex as payment, this will go towards or even cover the fee i get charged by nochex for each transaction recieved. For example, i received a payment for £7.50 (including 50p charge), what shall i put this down as in george for tax purposes, obviously this is a £7 job, i received £7.08 after deductions. Before hand i just put it as £7 although i ended up with less as there were deductions on this, So was paying tax on money I never had (if you catch ma drift)

Title: Re: A tax question, what to put?
Post by: Clive McDonald on January 12, 2011, 06:33:02 pm

gross taking are just that.The 50p is an expense.

Title: Re: A tax question, what to put?
Post by: Lee GLS on January 12, 2011, 07:21:36 pm

If the house is £7 and you charge 50p then the total is £7.50, so put £7.50 down as the job price, at the end of each month, add up how much you have spent on nochex receiving money and put the total down as an expence.

Title: Re: A tax question, what to put?
Post by: chopsie on January 12, 2011, 08:14:05 pm

cheers for replies, obvious when you think about it  ::)