Sorry if this is an obvious question but I really don't know the answer;
Basically I do freelance work, and sometimes the person who gets me work will ask for a cut; say 25% commission for providing me with the work. So let's say I earn £1000 on a job, I will pay the person £250 back. Now when it comes to my tax return, are my profits £1000 or £750? Is there somewhere where I can claim that £250 back as expenses or wages or something like that? Or does it fall outside of my business expenses somehow?
Explain it like you would to a 7 year old, cause I'm dense!
Thanks
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