HAM0415

Thank you forthe reply. The earn-out is then subject to income tax and NIC, Which section does this then get entered into my tax return? Does the payment go into - Other Income - ''Employment lump sums, compensation and deductions and certain post-employment income''? Thank you 

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Hi, I received an earn-out payment 2 years after I sold my shares in a company that was bought out by another company. I claimed BADR in that year which wiped out my full £1m allowance. I have received an unexpected earn-out payment from the company in the 2023/24 tax year. I have had no involvment in the company since I sold my shares 2 years ago. I need to pay tax on my earn-out but I am struggling to find where to enter this on my tax return. Is this classed at Capital Gains or is this deemed Other Income? Help is greatly appreciated. Thanks, Ham

We sell photoshoot services via different channels. Some come via our website, however the majority via third party platforms, the main ones being a German based company and an American based company. The end customer (consumer, for example a family who wants a photoshoot while in Paris) pays the Online Travel Agency the full amount, and they pay us our commission at the end of the month. The Online Travel Agency will notify us of a new order and we'll allocate that to a freelance photographer we have in the city. The photographer will perform the service (take the photos), send them to us at the end of the day and we'll edit them (in the Philippines) and send them to the customer (via a US based image delivery platform) Do I charge UK VAT on our services or not? Thanks 

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