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Reporting income through stripe
williamcroome
Posts: 50 Forumite
in Cutting tax
Hi,
Filling out my tax return and got a question on income paid but via stripe.
As an example:
If I had for example £10,000 income but customer paid via Stripe and their fee is 1% so amount going into account is £9,900 do I show income as £10,000 with £100 of expense or do I just put income as £9,900. Thanks
Filling out my tax return and got a question on income paid but via stripe.
As an example:
If I had for example £10,000 income but customer paid via Stripe and their fee is 1% so amount going into account is £9,900 do I show income as £10,000 with £100 of expense or do I just put income as £9,900. Thanks
0
Comments
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Income as £10,000 with £100 of expense
In Stripe go to Payments, then Payouts, then Export. Select Custom columns and include Payment Gross, Payment Fee and Payment Net, that'll give you your totals for each (I think that's right, I'm writing this from memory!)Excuse any mis-spelt replies, there's probably a cat sat on the keyboard2 -
Thanks for confirming. I took two people on HMRC twitter to get to same conclusion.0
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