how to calculate profit
how to calculate profit
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How to Calculate steel bar profit and how much to buy
How do i calculate profit for this ebay item?
I am in the UK. This is an ebay item so the costs are quite simple I think.
how do i calculate profit including vat for buying an item and then the tax for the final selling price properly to work out my profit properly on this ebay item?
I think the profit is worked out by item cost + vat + ebay costs + delivery costs + paypal costs then i get taxed on the final price i sell the item for. Then I get the vat back from when i bought the item so minus all the costs 17.5% tax and i get the 17.5% VAT back.
Is this how to calculate the profit properly or how is it done?
You don’t include the VAT on the costs liable to deduction of VAt as the VAT is already a tax and you can’t tax a tax