How many escorts are Vat registered?

[tallguy74]

In my opinion...none but many should be

[hantshagger]

in my opinion, very few should be. 

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

[Boundless]

None
Maybe ask it on UKE.

Are you hoping to claim the VAT back? 

[ClarkeOfTheCourse]

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

[tallguy74]

in my opinion, very few should be. 

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

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

[EnglishRebecca121]

nope as im registered as a sole trader...

[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.

[hantshagger]

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!

[Sparquin]

I thought VAT stood for vagina and tits.

[stevedave]

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

[Steve2]

Probably as many as cab drivers

 

[threechilliman]

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

[Boundless]

nope as im registered as a sole trader...

shouldn't that be a hole trader?

 

[akauya]

Probably as many as cab drivers

 

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[jimmytick]

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

[jcdmj12]

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 ?   Also, they'd have to provide a VAT invoice with their name & address which wouldn't work out well for them.

[Jimmyredcab]

Probably as many as cab drivers

 

More stupid bullshit.   

Taxi fares are not subject to VAT.     

[sublimetoridiculous]

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.

[NIK]

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

[Jimmyredcab]

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

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

[mh]

More stupid bullshit.   

Taxi fares are not subject to VAT.     

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.

[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 

[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

[Boundless]

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

Explain

[vw]

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) 

[EnglishRebecca121]

sorry  i dont get how that shows me as a "lier" i am not vat registered but i pay tax i dont understand it all thats why i have an accountant!

[vw]

sorry  i dont get how that shows me as a "lier" i am not vat registered but i pay tax i dont understand it all thats why i have an accountant!

I was just explaining James logic.

[EnglishRebecca121]

il say no more

[Dani]

If they have a good accountant then none as he should let them know when they are getting to close to the level so they can take extended time off. Being VAT registered is a hassle that can be done without in this job. Can you imagine punters faces if every time they punted they got a VAT receipt?  No one wants a paper trail of any kind

[Diehard]

nope as im registered as a sole trader...

But I bet you would go off your brain if a punter said the money he was spending on seeing you he put on his expenses! I know guys who do that and one told a girl that and she went literally crazy!

[Diehard]

If they have a good accountant then none as he should let them know when they are getting to close to the level so they can take extended time off. Being VAT registered is a hassle that can be done without in this job. Can you imagine punters faces if every time they punted they got a VAT receipt?  No one wants a paper trail of any kind

There are numerous tax clampdowns being done by the IR. They do these amnesty things for various self employed people. Matter of time before escorts are specifically targeted by getting IP addresses off aw. With our freedoms getting eroded every day, I agree with your comment about paper trail but I would add the electronic footprint is equally as problematic.

[mh]

Can you imagine punters faces if every time they punted they got a VAT receipt?  No one wants a paper trail of any kind

Why is that any more of a hassle for the punter than being given a receipt in Tesco for a cash transaction? We can just throw it away, we're not going to be able to reclaim the VAT!

[Jimmyredcab]

If they have a good accountant then none as he should let them know when they are getting to close to the level so they can take extended time off. Being VAT registered is a hassle that can be done without in this job. Can you imagine punters faces if every time they punted they got a VAT receipt?  No one wants a paper trail of any kind

Dani --------------- you normally talk a lot of sense but this is cobblers, you know as well as me that the vast majority of prostitutes are not even registered with HMRC let alone employ an accountant.   

[James999]

Dani --------------- you normally talk a lot of sense but this is cobblers, you know as well as me that the vast majority of prostitutes are not even registered with HMRC let alone employ an accountant.   

Have to agree, Pro$$ies being registered for tax is just an Urban myth, and they love to mention accountants but have clearly never had dealings with them, why would they, its a cash business and there's no way they want to pay tax / Ni / lose benefits etc 

Didn't rebecca offer to prove she paid tax as a pro$$ie, that was a couple of years ago and we're still waiting 

[Jimmyredcab]

Have to agree, Pro$$ies being registered for tax is just an Urban myth, and they love to mention accountants but have clearly never had dealings with them, why would they, its a cash business and there's no way they want to pay tax / Ni / lose benefits etc 

I am sure there are some pro$$ies who pay tax, those who want to own property for example but they are very rare.

Prostitution is a 100% cash business, there is simply no need to pay tax ------------ plus they will lose their benefits. 

[James999]

If they have a good accountant then none as he should

Pro$$ies don't like paying for condoms so why would they emply an accountant and pay him (there are also female accountants, but you wouldnt know that) to generate a tax bill and problems for them, far easier to just stick the cash in a draw and say nothing.

[Jimmyredcab]

Pro$$ies don't like paying for condoms so why would they emply an accountant and pay him (there are also female accountants, but you wouldnt know that) to generate a tax bill and problems for them, far easier to just stick the cash in a draw and say nothing.

Exactly, I have known pro$$ies with no credit on their phone, they would not want to pay an accountant £500 ------- that is roughly what I pay every year.

[David1970]

I used to visit a lady in Newcastle who paid tax, had an accountant.
She put everything throught the books she could, income and expenditure.
Her profession was down as massure.
Do not know if she was paying VAT.
She was switched on and retired to the South of France with a nice pension at a reletively young age.

[EnglishRebecca121]

I have no.issue proving i pay it James pm me if u wish to see proof ...

[zulu]

Lots of sour grapes on here,- just like the EEs who clean/ valet your car, clean your windows, fix your taps,or any other self-employed bod,some will declare it if they have any sense, as "entertainers" or " therapists",especially if they dont want to fall foul of the many money-laundering  traps these days,others wont,- if they are stupid enough to claim benefits and paste their face photo online, they deserve what they get-from what I hear the money aint what it used to be ten/ fifteen years ago,so I doubt in reality most have reached the Vat thresh-hold, when they had twenty competitors working in a County, now there are literally 100s,so a lot more smaller pieces of the pie, most of which are Ees and legally allowed to send most of the money home to the family without paying Uk tax, I would be more concerned about Aw getting hacked,( if it hasnt already), and those mugs who have proved their identity in order to pay "Vat"-
(like you have to when you buy something from a shop,or online-really lol)- having all their details online for all to view, including a future Labour Govt?

[James999]

I have no.issue proving i pay it James pm me if u wish to see proof ...

We've been waiting two years.............................

[finn5555]

I wonder how many pro$$ies we can find on companies house 

[James999]

I wonder how many pro$$ies we can find on companies house 

The same goes for the many "prestige / large / exclusive" agencies, how many are actually registered 

[finn5555]

Have to agree, Pro$$ies being registered for tax is just an Urban myth, and they love to mention accountants but have clearly never had dealings with them, why would they, its a cash business and there's no way they want to pay tax / Ni / lose benefits etc 

Didn't rebecca offer to prove she paid tax as a pro$$ie, that was a couple of years ago and we're still waiting 

Rebecca may well pay tax but she is so full of shit figuring the truth from bullshit is impossible 

[James999]

Rebecca may well pay tax but she is so full of shit figuring the truth from bullshit is impossible

She probably regards buying petrol as paying tax as there's tax on petrol 

[Diehard]

I have no.issue proving i pay it James pm me if u wish to see proof ...

She who doth protest too much!

[James999]

She argued all this shit and made these claims a couple of years ago, same claims again, but still no proof, surely she'd love to prove me wrong, Two years and still waiting..........................................

[finn5555]

Rebecca is better suited to UKE plenty of fluffies on there she can bullshit 

[James999]

She must be dripping down her legs at how she can spout there and they all fall for it, perhaps she'll open the cake shop again 

[Jimmyredcab]

Rebecca is better suited to UKE plenty of fluffies on there she can bullshit 

I have no idea why she has been allowed back on here, banned should mean exactly that.