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Paypal Fees

Posted Wed, 15 Nov 2023 15:49:00 GMT by
Hi! Are Paypal Fees from transactions to you, regarded as expenses when completing the Self Assessment Tax Return? Thanks so much!
HMRC Admin 25 Response
Posted Fri, 17 Nov 2023 11:51:18 GMT by HMRC Admin 25 Response
Hi biscuitsfrogs,
Yes you can deduct these as expenses.
You just need to show the full payment (before fees) as income received in order to claim the fee as an expense.
Thank you. 

 

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