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Category: Tax
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My client has an account with World First, which is a payment

Resolved Question:

My client has an account with World First, which is a payment gateway and holds money similar to paypal..
There is a £10 charge as a fee for using this gateway as a currency converter. What and how should I treat this in the accounts?
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site. Thank you for your question.

You should treat it as bank charges.

I hope this is helpful
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Expert:  taxadvisor.uk replied 2 years ago.
I thank you for accepting my answer.

Best wishes.

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