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PayPal commission charges & VAT
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Silent_Explorer View Drop Down
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Points: 1337 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Silent_Explorer Quote  Post ReplyReply Direct Link To This Post Topic: PayPal commission charges & VAT
    Posted: 26 January 2010 at 10:07am
Hi All,

Can anyone please advise whether or not the commission deducted for each transaction by PayPal includes UK VAT as I need to make sure I enter this in the correct place on my accounts

Thanks in advance

Nick G.
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Dave P View Drop Down
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Points: 4066 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Dave P Quote  Post ReplyReply Direct Link To This Post Posted: 26 January 2010 at 12:50pm
Hi Nick,

The only safe answer is to ask Paypal. We've always assumed that we're not paying any VAT on Paypal commision, therefore there is nothing we can claim back on our VAT return.

None of the information we've ever had from Paypal includes any reference to VAT, UK or otherwise.

Not a definitive answer I know, I'd be interested if anyone can demonstrate otherwise though.
Regards,

Dave P.
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Silent_Explorer View Drop Down
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Points: 1337 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Silent_Explorer Quote  Post ReplyReply Direct Link To This Post Posted: 26 January 2010 at 1:19pm
Hi Dave,

Many thanks,

I didn't think PayPal charged VAT on commission either but I just wanted to make sure

Regards

Nick G.
The Garage Door Spares & Automation Specialists - open your garage door at the press of a button !
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mobilecadsurveying View Drop Down
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Points: 143 		Post Options Post Options   Thanks (0) Thanks(0)   Quote mobilecadsurveying Quote  Post ReplyReply Direct Link To This Post Posted: 26 January 2010 at 1:26pm
As far as I am aware, they are just like bank charges and should be treated the same way through your accounts.

Bank charges are exempt from vat and go as T9 on your vat return through sage?
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Trinity View Drop Down
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Points: 51 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Trinity Quote  Post ReplyReply Direct Link To This Post Posted: 26 January 2010 at 3:13pm
Hi Nick

We treat our Paypal charges the same as our Bank charges, which are exempt from vat. We were told to enter them as T9 through sage which is what we do.

Rosemarie
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raineshoe View Drop Down
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Points: 1502 		Post Options Post Options   Thanks (0) Thanks(0)   Quote raineshoe Quote  Post ReplyReply Direct Link To This Post Posted: 26 January 2010 at 3:31pm
I do that, treat Paypal charges as bank charges.
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Silent_Explorer View Drop Down
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Points: 1337 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Silent_Explorer Quote  Post ReplyReply Direct Link To This Post Posted: 26 January 2010 at 9:35pm
Many thanks to everyone for your input

Best Regards

Nick G.
The Garage Door Spares & Automation Specialists - open your garage door at the press of a button !
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