Feb 13, 2021 06:50:06 AM by Faisal S
Hello
I did a project of 500 dollars with 50 dollars tip. The total commession should be 110 dollars and I should get 440. But pending amount is 424 dollars ?
Can someone explain why ? and if there is VAT, How much is it ? and why are we paying it ?
Thank you
Feb 13, 2021 07:56:42 AM by Petra R
Faisal S wrote:I did a project of 500 dollars with 50 dollars tip. The total commession should be 110 dollars and I should get 440. But pending amount is 424 dollars ?
20% on 500 = 100
10% on 50 = 5
VAT at 20% on the 105 service fee = 21
550 minus 126 = 424
You pay VAT on Serviceswhen you live in the UK. The service fee is how you pay for the services you get from Upwork.