How to manage yoga class tax records with direct Stripe charges (UK)
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Not tax or legal advice. HMRC rules depend on your structure (sole trader, limited company, VAT registration). Use this page to understand payment mechanics, then confirm treatment with a qualified accountant.
My Yoga Class is optimised for UK yoga teachers and GBP. Pro remains exactly £5 per month for the software; that subscription fee is separate from the class fees your students pay you.
Two money flows teachers confuse
Platform-held funds (marketplace model): the software company may collect the student's card payment into its own balance, then pay out to teachers on a schedule. Your bank statements show payouts from the platform, and the platform may issue consolidated tax documents depending on jurisdiction and configuration.
Direct / Connect-style charges: the student pays with card, and the charge is configured to land with the teacher's payment processor account (here, Stripe Connect connected to the teacher). The platform facilitates checkout but, per our Terms, payments for classes, courses and retreats are made directly to or through the teacher.
How this maps to My Yoga Class
- Card payments run through Stripe when the teacher enables them and completes Connect onboarding — align your Stripe dashboard with your bookkeeping.
- Cash and bank transfers can be logged manually alongside cards so your in-app finance view stays the single operational record.
- Treat the in-app finance summary as HMRC-friendly record-keeping support (timestamps and amounts for your own filings), not an official tax filing.
How this can simplify "Sunday night" tax prep
When card income lands in your Stripe account and cash is logged the same week, your year-end story becomes: bank + Stripe + My Yoga Class exports, instead of chasing screenshots across three apps. That is the product intent — less admin dread, clearer truth for you and your accountant.
Terms excerpt: see Payments and Refunds in our Terms of Service.