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tax on internet commissions

LePrince · 2018-04-25 09:20:34

Hi, Is money made out of commissions (internet marketing) liable to income tax or instead is it liable to VAT or is it both? example: Sole trader resident in Ireland makes 10Euros of commissions off of a product an italian customer purchased on a website from a company registered in Spain. The company sends the sole trader…

25-04-2018 9:20am

#1

LePrince

Registered Users, Registered Users 2 Posts: 26 ✭

Join Date: October 2015

Posts: 17

Hi,

Is money made out of commissions (internet marketing) liable to income tax or instead is it liable to VAT or is it both?

example:
Sole trader resident in Ireland makes 10Euros of commissions off of a product an italian customer purchased on a website from a company registered in Spain. The company sends the sole trader 10 EUROS (the product could have been sold for 100E).
- How much goes to income tax (assuming lowest band)
- How much goes to VAT (assuming none is charge from the Spanish company)

Thanks

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Comments

#2 26-04-2018 2:14am

Peregrinus

Registered Users, Registered Users 2 Posts: 26,998 ✭✭✭✭

Join Date: March 2011

Posts: 26990

It's liable to income tax.

I don't think the Irish agent has a VAT issue. The Spanish seller will presumably charge VAT to the Italian buyer, but the Irish agent is out of that particular loop.

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