Find solution
How is the catering service industry in the U.S?

What if any are the tax implications of accepting tips in the service or catering industry?

  • Answer:

    In the UK, you should declare it. If you don't, and the Taxman does a check on your employer's records,and picks up there are tips (certain industries are targeted), he may estimate it. You would then have to prove that you didn't get that much. Try proving you don't get such a high figure!

273GX4Q6QGNMZRWO6VW2WRC2QI at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

assume 10% of your salery as tips...............as far as tax goes...............if it is on the bill.cr card........you have to give that part up .

richard t

If you bring in more than $20 in tips in one month you legally have to claim them as income on your taxes and pay the necessary taxes. I just got done going over this in tax accounting, so it's all fresh in my head lol..

Sherry D

Take them because the Revenue will assume that you do and will make a notional assessment (guess!) anyway.

Tony h

Tips are taxable income. You are legally required to declare ALL of your tips.

Judy

This is taken into account when you are taxed,you have to try and prove you dont receive those levels in tips if you are graded too high.

jed slade

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.