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Commision Sales - Tax Returns

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jehangir Posts: 155 Forumite

13 June 2017 at 10:23AM in Small biz MoneySaving

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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