Youtube Income And Vat

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Youtube income and vat. Vat or value added tax is a system of indirect taxation. If you make money from you tube you are a performing artist and now have to pay income tax on it according to the tax office. In this quick vat tutorial i will walk you through the concept an. I know foreign companies don t pay corporate tax but i think they pay income tax if i am right your 60 00 is already taxed.

Uk vat reporting requires that the client raises an invoice to google ireland with their own and google s vat numbers on it even if the invoice isn t sent to google the sales are reported in box 6 only on the vat return an eu sales list is needed and as the sales are zero rated the client can reclaim vat on purchases and expenses. 011 45695551 gorakhpur. If your earnings from employment is above tax exempt earning which is around 6500 00 more or less you have to pay tax on your youtube 60 00. Tax office determines youtube income as taxable.

In 2013 the average cost per thousand cpm for youtube was 7 60 cpm cost per thousand is an industry term that represents revenue per thousand views. As most of the company s income comes from youtube based in ireland i m trying to get my head round the vat side of this. Learn how to change the default vat tax for your income and expenses in cashflow. To buy dvds pen drive contact at.

How does vat work. 91 9889004575 mail id.