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perfect1000k
hi there got a question if somebody dont mind answering
say i was self employed and took a job on i didnt have time to do it. say its worth £2000 and i passed it on for say £1500 to another firm i would keep £500 and pay the £1500 to the other firm who done the job what would the tax be ? would it be on the £500 i had made or on the whole £2000
would i have to have an invoice for the £1500 from the firm so its like i had made £500 profit or could i pay that out in cash ?? or would they wonder were the £1500 had gone lol
any answers would be great
say i was self employed and took a job on i didnt have time to do it. say its worth £2000 and i passed it on for say £1500 to another firm i would keep £500 and pay the £1500 to the other firm who done the job what would the tax be ? would it be on the £500 i had made or on the whole £2000
would i have to have an invoice for the £1500 from the firm so its like i had made £500 profit or could i pay that out in cash ?? or would they wonder were the £1500 had gone lol
any answers would be great