She's already said her current boyfriend knows everything.(Original post by SirMilkSheikh)
The funny thing is that some poor guy will probably marry and have kids with the OP without ever knowing that she was a prostitute and all her other dirty little secrets. Lol.![]()
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- 03-08-2016 12:10
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unprinted
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- 03-08-2016 13:18
(Original post by Trinculo)
If you are working for cash in unreceipted work, under an assumed name, there is a zero chance that HMRC will come looking for you.
Until I read this thread, I had no idea that a prostitute would ever pay SA tax or NI - or indeed register for VAT.
You have to be fairly silly to get to the VAT threshold, unless you're going to go waaay over it. You'd either add it to your rate, probably losing some business, or effectively shag one in six men for free (to add to the ones you're already doing to cover other costs). Much better to take a break if you're getting close. -
SirMilkSheikh
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- 03-08-2016 13:20
As in stripper, hooker what?
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- 03-08-2016 15:17
(Original post by unprinted)
It's not zero.
You have to be fairly silly to get to the VAT threshold, unless you're going to go waaay over it. You'd either add it to your rate, probably losing some business, or effectively shag one in six men for free (to add to the ones you're already doing to cover other costs). Much better to take a break if you're getting close.
But that's all nonsense. I didn't even think escorts would ever paid tax, let alone VAT. -
The_Internet
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- 03-08-2016 15:20
(Original post by Anonymous)
Except women aren't fairground rides and he's mature enough to know we both have a past. -
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- 03-08-2016 16:01
(Original post by Trinculo)
But that's all nonsense. I didn't even think escorts would ever paid tax, let alone VAT. -
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- 03-08-2016 16:08
(Original post by Anonymous)
A lot don't. However, it's prudent to pay your taxes so that it never catches up with you. Also from an ethical standpoint, it wouldn't feel right to not pay tax. This is why me & my hoe friends did it.
Though what you can legally do is set yourself up as a limited company. Call yourself "sex worker ltd" or whatever. Pay your business the several thousands of pounds and pay YOURSELF £7.5K or whatever the tax threshold is these days. You then (legally) pay no tax, and you get to claim expenses, though I guess the law sees a bit of a grey area between "escorting" and prostitution, so you could basically claim dresses I guess, food, travel, business costs etc... The downside is that the accounting can cost like £120 odd a month, but you pay a lot less in tax so it's worth it from that POV
That and I guess it isn't particularly ethicalLast edited by The_Internet; 03-08-2016 at 16:14. -
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- 03-08-2016 16:17
(Original post by The_Internet)
Working cash in hand, it probably wouldn't, but you are correct that there are potential ethical issues.
Though what you can legally do is set yourself up as a limited company. Call yourself "sex worker ltd" or whatever. Pay your business the several thousands of pounds and pay YOURSELF £7.5K or whatever the tax threshold is these days. You then (legally) pay no tax, and you get to claim expenses, though I guess the law sees a bit of a grey area between "escorting" and prostitution, so you could basically claim dresses I guess, food, travel, business costs etc... The downside is that the accounting can cost like £120 odd a month, but you pay a lot less in tax so it's worth it from that POV
(Original post by Anonymous)
A lot don't. However, it's prudent to pay your taxes so that it never catches up with you. Also from an ethical standpoint, it wouldn't feel right to not pay tax. This is why me & my hoe friends did it. -
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(Original post by Trinculo)
Still mystified as to why you paid any tax if you worked only one or two days a week. -
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- 03-08-2016 16:23
(Original post by Anonymous)
What's the mystery?
And £10k is good going if you're only working one or two days a week -
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- 03-08-2016 16:24
(Original post by Trinculo)
I would have thought that a full time sex worker would easily meet the VAT threshold. If she's renting a place in London and seeing two people a day at £150 an hour, that's already £75k.
But that's all nonsense. I didn't even think escorts would ever paid tax, let alone VAT.
It's a common belief, which makes it more likely that someone who's jealous / thinks escorting is illegal / otherwise annoyed will attempt to dob you in to HMRC.
(Original post by The_Internet)
Though what you can legally do is set yourself up as a limited company. -
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- 03-08-2016 16:27
(Original post by unprinted)
Not everyone does (or wants to do) two clients a day and not every woman works through her period, for example.
It's a common belief, which makes it more likely that someone who's jealous / thinks escorting is illegal / otherwise annoyed will attempt to dob you in to HMRC.
Won't work: while legal, the business of prostitution is not an acceptable purpose for a company. See the Miss Whiplash case. -
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- 03-08-2016 16:29
(Original post by Trinculo)
After deductions, you'd have had to profit £10,000 just to pay at 20%. and I'm assuming the deductions were considerable.
And £10k is good going if you're only working one or two days a week
One or two days a week doesn't mean only one or two hours a week. My rates began at £150/H and soon moved to £250+ extras/tips/gifts. Few clients want a 60 minute quickie, and will infact hire you for all evening and sometimes even overnight - for which rates are extortionate -
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- 03-08-2016 16:34
(Original post by Anonymous)
Hahaha. You're really concerned with the contents of my purse aren't you?
One or two days a week doesn't mean only one or two hours a week. My rates began at £150/H and soon moved to £250+ extras/tips/gifts. Few clients want a 60 minute quickie, and will infact hire you for all evening and sometimes even overnight - for which rates are extortionate
On the other hand, I would say that the overwhelming majority of people who work in cash-intensive activities that are not on the face of it "immoral" such as market trading, hairdressing, cafes etc, at the very least understate their tax liability dramatically. -
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- 03-08-2016 16:38
(Original post by Trinculo)
Not really. I just can't get over the irony. It's not unreasonable to say that many people might find your former work immoral. Yet you paid tax and stamps.
On the other hand, I would say that the overwhelming majority of people who work in cash-intensive activities that are not on the face of it "immoral" such as market trading, hairdressing, cafes etc, at the very least understate their tax liability dramatically. -
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- 03-08-2016 16:50
(Original post by Anonymous)
I totally get that. I personally have always taken paying tax as a responsibility. You know, it's a privilege to live in a country with good healthcare, etc. so I can't be making appointments with my NHS GP but then also not paying tax?! -
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- 03-08-2016 16:53
I love all the people who are like "I feel so sorry for you" etc. why would you feel sorry for someone making 250 bank per hour, has a degree, comes from a middle class family with a nice father and in a loving relationship. Feel sorry for damaged kids in Syria not the OP you weirdos. She's doing pretty fine in life
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- 03-08-2016 17:15
(Original post by 99_Problems)
I love all the people who are like "I feel so sorry for you" etc. why would you feel sorry for someone making 250 bank per hour, has a degree, comes from a middle class family with a nice father and in a loving relationship. Feel sorry for damaged kids in Syria not the OP you weirdos. She's doing pretty fine in life -
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- 03-08-2016 17:22
(Original post by The_Internet)
Yes I understand the prostiution thing, but "escorts" is legal isn't it? ie: "im meeting so and so and they're paying for my company hence I need a good dress"
(Original post by Trinculo)
mind....blown.
'Not everyone is like me' is a useful phrase to bear in mind.
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