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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Clever Forum Name on July 05, 2014, 01:54:33 pm

Title: Paypal. Taxed on net or gross?
Post by: Clever Forum Name on July 05, 2014, 01:54:33 pm

If a customer pays £10 into paypal account and for augments sake you lose 50p when it comes to withdrawing the paypal money and paying into business account.

Should I bank £10 and claim back the 50p as an expense.

Or just bank 9.50p

I am guessing its £10 and claim back fees. Just means I will have to add money all the time on transferring etc.

Title: Re: Paypal. Taxed on net or gross?
Post by: Window Lickers on July 05, 2014, 02:22:52 pm

Quote from: Pure H20 Services on July 05, 2014, 01:54:33 pm

I am guessing its £10 and claim back fees.

Thats it.

Title: Re: Paypal. Taxed on net or gross?
Post by: Clever Forum Name on July 05, 2014, 03:37:03 pm

Thanks.