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  • FIRST POST
    • jehangir
    • By jehangir 13th Jun 17, 10:23 AM
    • 127Posts
    • 8Thanks
    jehangir
    Commision Sales - Tax Returns
    • #1
    • 13th Jun 17, 10:23 AM
    Commision Sales - Tax Returns 13th Jun 17 at 10:23 AM
    Hi , can anyone please give me some advice on commission sale s.


    I sell various items online / through contacts ( usually musical instruments ) , recently have been asked to do commission sales from a few of my
    customers.

    How would this work in relation with my Tax return as I would only be making a percentage of the sale.

    Would it be possible to sell the items take my percentage and then pay out to the owner or is there another way which the HRMC will be happy with .

    The easiest option would be to purchase the items outright but they are quite expensive unusual items which I may get stuck with .

    I am a soletrader who is under the VAT Limit .

    Any help would be much appreciated
    j
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