Sunday 1 January 2017

PATREON CHARGES 25%

Let's take a look at PATREON shall we, if you are in the UK, Patreon charge VAT, is that applicable in the UK? No, you have to be earning over a certain amount before an individual has to register for  VAT at 20%.

It used to be that you had to register as being vatable if you were earning £45,000 or above in the UK, although I think in recent years that amount has been increased to a much higher figure, like you have to be turning over a serious amount prior to registering for VAT.

This links states what it has been since 1 May, 2008 in Ireland. The VAT registration threshold for goods is Euro 75,000, and for services Euro 37,500. So if you are turning over that you have to register for VAT.

http://www.revenue.ie/en/tax/vat/guide/registration.html

Now in England, the current threshold for registration for taxable supplies is £83,000.

https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-supplement--2

In the UK, sole traders don't usually register for VAT until they reach their limit and when people went below their limit, they usually de-registered, because it's a lot of accounting paperwork to keep up with it. However, some did register if they had a lot of outside costs with VAT on it, because then those traders could reclaim back the VAT on those outside costs.

On international trade, the British government website states that there is no VAT on goods and services sent to another European country, or outside of the EU. Voluntary donations for a charitable cause are outside the scope of VAT. Sponsored charitable donations are exempt of VAT. Books, magazines, brochures, and other publications, etc zero VAT too. There is no VAT on art either.

https://www.gov.uk/guidance/rates-of-vat-on-different-goods-and-services

What else do they Patreon charge? 5% of all pledges made, so it's another American platform that is earning on the "backs of the poor". As the bible says, "the rich getting richer on the backs of the poor". America that has just spent over $trillion on Christmas, yet charges the poor for that which it shouldn't.

Another American platform that are providing a website that is mainly run by technology. That means that if you are an EU citizen, or if you live in the UK, 25% is being charged. That doesn't exactly encourage people to support Europeans or people from the UK does it? And whose to say that the British government are receiving the VAT that Patreon are deducting? We know what the American corporations are like, they don't pay tax anywhere.

https://www.patreon.com/legal



So is what Patreon doing legal, bearing in mind that it is representing individual creators?  I don't think so, so who owns it? The website was created by Jack Conte and Sam Yam and they have major financial backing from venture capitalists.

https://en.wikipedia.org/wiki/Patreon

Why pay Patreon 25% when you can go direct to the individuals to help them financially, charitably, if you like their work and are willing to support them? Would you like to support yours truly? What is a painting worth to you? Or one of my blog posts?

Do you know what? I haven't found a single crowdfunding website that is in integrity yet. Prophecy did forewarn that only one in a thousand would be able to stand in integrity before Joseph. Although there has been more than 1,000 people visit this blog. These are the most recent top figures just for this blog.

United States
48600
France
39350
United Kingdom
36311
Russia
12909
Ukraine
3773
Germany
3173


Do you know what? Not a single one of those visitors from any of those countries offered to make a donation, not even the cost of a cup of coffee. That just shows you how mean people are.



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