Shopify fees tax deductable

[Charlie skeggs]

Newbie into ecommerce trying to figure out what expenses are tax deductable.
So the shopify fees of 2.2% + 20p per transaction, can these be deducted, as well as paypal fees?
Thank you

 

[Mr D]

Yes

 

[ServWise]

It is an expense, you don't pay tax on expenses. So yes..

 

[Charlie skeggs]

the swift responses are much appreciated.
could you maybe answer this also, slightly different
im also a taxi driver self employed. in my taxi i have a card machine that take a % and also work on an app (similar to uber, but not) that take 15% could this be tax deductable, or are the rules different when self employed vs a ltd company like original post

 

[Solly]

No, you only pay tax on earnings, so any expenses are tax deductible. The only difference is a Ltd company declares their expenses on their company accounts and a sole trader on their personal tax return.

 

[Charlie skeggs]

Excellent mate

 

[Limited100]

Yes as it's a cost of sale.