How do I report app sales through google play?

Didn't find your answer?

I have recently joined a tech co. selling apps through google play.  I am not sure the earnings we receive through google play are being accounted for correctly and wanted to run it by someone..

So for a sale of one app the gross is £4.99 (inc VAT), we receive the ex VAT amount of £4.16 less 30% google fees.  So £2.91 is received into our bank account for one transaction.  

Currently 4.16 is treated as a sale gross of VAT, so we are recording a sale of 3.47 and VAT payable of 0.69.  and then fees of £1.25.

But

It looks as if google play are collecting and paying the VAT?  Then I wonder do I need to report sales gross £4.99 but at no VAT. or sales net at £4.16 with no VAT. because this will effect our sales figures and corporation tax.

Hope someone might have some experience/knowledge of this!  Help!

Thanks

 

 

 

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.