shinydiscoballz
Member
Can you help?
Im opening a new barbershop and will be offering a 50/50 split with all my barbers which i will pay them at the end of each week.
If for example i charge £20 for a cut and give my barber their 50% (£10)
Do i only pay VAT on the £10 income i earn after they have been paid?
That would then mean that my barbers would have to pay income tax & NI on the £10 they have been been paid.
I know this can be very shady so any help or advice will be appreciated?
Im opening a new barbershop and will be offering a 50/50 split with all my barbers which i will pay them at the end of each week.
If for example i charge £20 for a cut and give my barber their 50% (£10)
Do i only pay VAT on the £10 income i earn after they have been paid?
That would then mean that my barbers would have to pay income tax & NI on the £10 they have been been paid.
I know this can be very shady so any help or advice will be appreciated?