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Author Topic: How many escorts are Vat registered?  (Read 1832 times)

Offline tallguy74

In my opinion...none but many should be
Banning reason: Previously banned (Ben1122)

in my opinion, very few should be. 

Are you trying to encourage punters to pay MORE taxes into HMRC than already?     :angry:  :dash:

Offline sam55

None
Maybe ask it on UKE.

Are you hoping to claim the VAT back?  :D


What does UKE mean? UKE is short for www.UKEscorting.com

If they registered for the flat rate scheme they may actually make a profit on VAT, strange as it sounds.

Offline tallguy74

in my opinion, very few should be. 

Are you trying to encourage punters to pay MORE taxes into HMRC than already?     :angry:  :dash:

I estimate at least 40% of escorts will have gross income of above 75k especially if combined with their other job if they have 1....I mean if they are earning £130 an hour...its going to rack up
Banning reason: Previously banned (Ben1122)


Offline yorkshire123

nope as im registered as a sole trader...

That alone doesn't make you exempt

However to answer the OP's question I don't know & that's probably because I don't care.
« Last Edit: November 05, 2015, 11:27:02 pm by yorkshire123 »
Banning reason: Making false malicious allegations against admin

I estimate at least 40% of escorts will have gross income of above 75k

got to be above 82000 pa to need to register nowadays.... and the hassle of being VAT registerred, is not one i would wish on my worst enemy!


Offline stevedave

I daresay there may be the odd "self employed on the Isle of Man" bank account knocking about  :sarcastic:


However to answer the OP's question I don't know & that's probably because I don't care.

+1. No interest in what they, or anyone else earns or does with it.

tcm



Offline jimmytick

Imagine the vat returns trying to hand in recipts for lube and condoms :D


jcdmj12

  • Guest
None, if they have any sense.  Why would anyone in a cash business declare more than 82k of income so they could take 20% hit on rates ? :unknown:  Also, they'd have to provide a VAT invoice with their name & address which wouldn't work out well for them.

Offline Jimmyredcab

Probably as many as cab drivers

 :hi:

More stupid bullshit.    :dash: :dash: :dash: :dash: :dash: :dash: :dash: :dash:

Taxi fares are not subject to VAT.     :rolleyes: :rolleyes: :rolleyes: :rolleyes:

If they registered for the flat rate scheme they may actually make a profit on VAT, strange as it sounds.
Yes you can be financially better off on the flat rate scheme, but that would not make up for the hit you would take in having to register.

Offline NIK

The vast majority won't be registered for income tax never mind VAT!  :rolleyes:

Offline Jimmyredcab

The vast majority won't be registered for income tax never mind VAT!  :rolleyes:

I only wish I had the choice, I would not be registered for income tax.       :hi: :hi: :hi:

Offline mh

More stupid bullshit.    :dash: :dash: :dash: :dash: :dash: :dash: :dash: :dash:

Taxi fares are not subject to VAT.     :rolleyes: :rolleyes: :rolleyes: :rolleyes:

Or income tax, if they can avoid it...

So tampons are a luxury but taxis must be essential. You couldn't make it up. Let's hope your female passengers "splash out" on the tampons and not the back seat of the taxi.

Online James999

nope as im registered as a sole trader...

your lack of understanding of the tax system clearly shows that's another one of your lies  :music:

Offline unclepokey

I confess I wasn't up to speed with the VAT registration threshold but it seems to me the figure of £82 k represents a good income by any standards.
Naturally expenses do differ. And there's bugger all in the way of VATable costs that a sex worker would incur except possibly working hotels for 'notional incalls'.
So it seems to me that a WG would be better off taking a holiday were her gross income to approach the registration threshold.

Tax people used to use the expression 'pure income profit' to describe items of income with extremely low if any related costs. In the present case the 'pure' makes one laugh. (I digress slightly)

Imagine a fifth of your income going off in Vat. It doesn't bear thinking about. It is, however, vital to pay your income tax and NI.
Uncle Pokey

Offline sam55

your lack of understanding of the tax system clearly shows that's another one of your lies  :music:

Explain

Explain

You are VAT registered or VAT Exempt

You are then usually a Sole Trader,  Limited Company or Partnerships

Sole traders can be VAT Registered or VAT exempt depending on turn over (Nothing to d with tuning in bed)  :lol:


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