Emii
Member
Hey everyone anyone have any idea about VAT?!?!
Driving me and my hubby mad we're both on different pages here.
Think he's hit Vat now with his business so trying to work this out,
He thinks vat gets charged on everything so his expenses get put into his gross and gets taxed....not sure I'm explaining this I'll try put it bluntly.
Gross earnings, expenses, both added together and that figure goes forward to be taxed instead of gross income take off expenses then that net figure gets taxed....
As you can see I'm so confussed google is confusing me ever more we're both tired and biting at each other now someone pls help me [emoji21]
Driving me and my hubby mad we're both on different pages here.
Think he's hit Vat now with his business so trying to work this out,
He thinks vat gets charged on everything so his expenses get put into his gross and gets taxed....not sure I'm explaining this I'll try put it bluntly.
Gross earnings, expenses, both added together and that figure goes forward to be taxed instead of gross income take off expenses then that net figure gets taxed....
As you can see I'm so confussed google is confusing me ever more we're both tired and biting at each other now someone pls help me [emoji21]