Accountants in Croydon

 If you are an eBay seller located in the United Kingdom and you are looking for a definitive answer as to whether or not you are required to pay VAT on your eBay fees , then you have arrived at the correct location... Because we are not qualified to provide tax advice, our recommendations and suggestions about the application of tax laws should not be taken in that context. For the purpose of maintaining their tax compliance, we strongly advise our users to consult with licenced accountants. Which costs on eBay are subject to a 20% VAT? There is a wide variety of each kind of cost that eBay charges. If you are a business that is already established in the UK, you are required to pay VAT on most of them (but not all of them). If you make use of eBay Managed Payments, then you are responsible for the following fees: Fees for listing; the VAT rate is 20% After you have utilised your monthly allotment of 1,000 free listings (or more if you have an eBay Shop), the cost of creating a ne...

 Business transactions are events that have a monetary impact on an organization's financial statements. We record numbers in two accounts, with the debit column on the left and the credit column on the right, when accounting for these transactions. Debits A debit is an accounting entry that either increases or decreases the value of an asset or expense account. In an accounting entry, it is to the left. Credits A credit is an accounting entry that either increases or decreases the value of a liability or equity account. In an accounting entry, it is to the right. Use of Debit and Credit Cards When an accounting transaction is made, at least two accounts are always impacted, with a debit entry made against one account and a credit entry made against the other. There is no maximum number of accounts that can be involved in a transaction, but the minimum is two. The totals of any transaction's debits and credits must always equal each other, so an accounting transaction is alway...