Interested In Advertising? | Contact Us Here
Warning!

 

Welcome to Clean It Up; the UK`s largest cleaning forum with over 34,000 members

 

Please login or register to post and reply to topics.      

 

Forgot your password? Click here

Clever Forum Name

  • Posts: 5942
Paypal. Taxed on net or gross?
« 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.

Window Lickers

  • Posts: 2196
Re: Paypal. Taxed on net or gross?
« Reply #1 on: July 05, 2014, 02:22:52 pm »
I am guessing its £10 and claim back fees.

Thats it.
Liberace's ex looking to meet well built men for cottaging meets.

Clever Forum Name

  • Posts: 5942
Re: Paypal. Taxed on net or gross?
« Reply #2 on: July 05, 2014, 03:37:03 pm »
Thanks.