Tax Related Topics - Printable Version +- Adultwork Forum (https://adultworkforum.com) +-- Forum: General (Public) (https://adultworkforum.com/forumdisplay.php?fid=1) +--- Forum: Help And Support (Public) (https://adultworkforum.com/forumdisplay.php?fid=98) +--- Thread: Tax Related Topics (/showthread.php?tid=2605) |
RE: Tax Related Topics - Classy_Katy - 01-02-2013 It's because AW isn't registered in the UK...I think. RE: Tax Related Topics - Ana_X - 01-02-2013 VAT doesn't concern anyone until they're earning a taxable 75K http://www.hmrc.gov.uk/vat/forms-rates/rates/rates-thresholds.htm#2 RE: Tax Related Topics - friendly accountant - 01-02-2013 Wrong... It's 77k... The 75k applies if you are already vat registered and are looking at deregistering. RE: Tax Related Topics - courtesanannabel - 01-02-2013 (01-02-2013, 19:02)Ana_X Wrote: VAT doesn't concern anyone until they're earning a taxable 75K Your right there ana, and therefore if you earn over on aw you still don't pay it Anna RE: Tax Related Topics - Ana_X - 01-02-2013 (01-02-2013, 19:08)friendly accountant Wrote: Wrong... It's 77k... The 75k applies if you are already vat registered and are looking at deregistering. EHR my bad. RE: Tax Related Topics - Lolly - 01-02-2013 .. RE: Tax Related Topics - Trinity-Belle - 01-02-2013 (01-02-2013, 18:58)xKatieBabyx Wrote: I thought there was vat payable on earnings over 71k? Dunno about that one... if annabelle says so then I'm inclined to believe her because it is AW who would be subject to VAT and it would be AW who you would have to charge VAT to... and if they are not in the EU (which they are not) then there is no VAT? (01-02-2013, 18:58)xKatieBabyx Wrote: Am I wrong re deducting featuring and positioning then, cause that's what I have done for my tax returns You can deduct them, but only if you count the credits you earn as being pounds sterling earnt... if you are only counting the money which hits your bank as income then you've already deducted those costs... you can't then deduct them again or else you are counting them twice! RE: Tax Related Topics - courtesanannabel - 01-02-2013 Trinity, thanks The charges that aw take are treated as charges taken at Source, you have no control over those. So what you end up with in your account is seen as commission and thus taxable obviously using your tax allowance first, assuming this is your only role Aw is based out of EU and is classed as the customer, as without then the client cant see you , so they are like an intermediary and so vat is not applicable to you Yeah Now it is important the tax knows what you do If you say your a beauty therapist and then in your accounts you claim for condoms, you have a tax enquiry, and they ask why a beauty therapist uses condoms ! They will look even closer into your Business and then assume you are an escort and beauty therapist - hence they would be looking at two lots of tax If your self employed only you and the taxman know what you do If limited co then that's different, however worth looking at Ltd if your profits are high like over 35000 ( not sure exact fig but there abouts) - I paid 2p for my tax yesterday ! It's amazing what you can put through legally Food and drink for clients, clothes make up , cleaner/cleaning products Laundry, Internet and phone, all advertising, contribution to where you play from Travel to meets, hotels and so much more Oh by the way if you have an accountant do pay the nominal sum a month For insurance in case you get a tax enquiry - all fees are covered if your insured Hope that helps some of you Anna |