✍️ The amount to declare

The amount for the workshop is your turnover and the amount for the commission constitutes an expense, just like rent, for example.

For artisans who have set up a company, this expense will reduce their net profit at the end of the year and therefore their corporation tax.

Here's an explanation of the payment you receive each month (payments for workshops held in month M are made between the 5th and 10th of the following month, N+1):

1️⃣ You have run a workshop for £100 (including VAT)

2️⃣ Wecandoo deducts a commission of £20 (including VAT)

3️⃣ You receive payment of £80

4️⃣ Your turnover is £100 if you are not registered for VAT or £83.33 if you are.

5️⃣ You pay a fee of £20 if you are not registered for VAT or £16.67 if you are.

The amount for the workshop is your turnover to declare. The amount of the commission constitutes an expense, just like rent, for example.

For artisans who have set up a company, this expense reduces their annual profit and therefore their corporation tax.

Here’s an explanation of the payment you will receive each month (payments for workshops held in month M are made between the 5th and 10th of the following month, N+1):

1️⃣ You held a workshop for €100 (VAT included)

2️⃣ Wecandoo deducts a commission of €25 (VAT included)

3️⃣ You receive a payment of €75

4️⃣ Your turnover is €100 if you are not registered for VAT or €82.60 if you are.

5️⃣ You have paid an expense of €25 if you are not registered for VAT, or €25 even if you are registered for VAT (as we invoice you from a French company, VAT reverse charge applies, so you don't recover VAT on this expense)

The amount for the workshop is your turnover to declare. The amount of the commission constitutes an expense, just like rent, for example.

For artisans who have set up a company, this expense reduces their annual profit and therefore their corporation tax.

Here’s an explanation of the payment you will receive each month (payments for workshops held in month M are made between the 5th and 10th of the following month, N+1):

1️⃣ You held a workshop for €100 (VAT included)

2️⃣ Wecandoo deducts a commission of €20 (VAT included)

3️⃣ You receive a payment of €80

4️⃣ Your turnover is €100 if you are not registered for VAT or €82.60 if you are.

5️⃣ You have paid an expense of €20 if you are not registered for VAT, or €20 even if you are registered for VAT (as we invoice you from a French company, VAT reverse charge applies, so you don't recover VAT on this expense)
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