Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • jehangir
    • By jehangir 13th Jun 17, 10:23 AM
    • 128Posts
    • 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
Page 1
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

177Posts Today

1,693Users online

Martin's Twitter
  • Shana tova umetuka - a sweet Jewish New Year to all celebrating. I won't be online the rest of t'week, as I take the time to be with family

  • Dear Steve. Please note doing a poll to ask people's opinion does not in itself imply an opinion! https://t.co/UGvWlMURxy

  • Luciana is on the advisory board of @mmhpi (we have MPs from most parties) https://t.co/n99NAxGAAQ

  • Follow Martin