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Survery Sites and Tax Help Please
Nicolay
Posts: 455 Forumite
Hi,
I was thinking about signing up to some survey sites, but I'm confused about the tax side of things. In the Survey Site guide it says:
Do I still have to register as self employed, or not because I'm a full time student? Are you even still classed as being in full time education going from college to university? And what's that bit about it probably won't push you over the tax threshold? I've never had a job before because I've been concentrating on my A levels, so I have no idea how the tax stuff works.
If I do have to register, how do you go about doing it and what do you say because it's not like I'd have my own company or anything, and then if I do get a job for the summer wouldn't that mean that I'd be simultaneously listed as employed and self employed? :huh:
Sorry if this has been posted elsewhere, I did search but couldn't find anything that was really relevant to my situation, and sorry for knowing so little!
I was thinking about signing up to some survey sites, but I'm confused about the tax side of things. In the Survey Site guide it says:
I'm currently at college doing A2 levels and will finish in about 3 weeks once my exams are over. I'm then going to be looking for a summer job for the 3 months between leaving college and going to university in October, although I'm doubtful that I will be able to find one.Before you start counting the dosh, don't forget some of it belongs to the tax man. For most people it'll be around a third. Survey earnings are unlikely to push non-taxpayers over the threshold, however, so they should stay tax-free.
As any sources of extra income need to be declared; ensure you're upfront with HM Revenue and Customs. Survey earnings are self employed income, which means registering with the HMRC Helpline for the Newly Self Employed on 08459 15 45 15 by the end of the third calendar month after starting – or facing an automatic £100 penalty. Don't be overly worried about this though, it's just a formality.
Do I still have to register as self employed, or not because I'm a full time student? Are you even still classed as being in full time education going from college to university? And what's that bit about it probably won't push you over the tax threshold? I've never had a job before because I've been concentrating on my A levels, so I have no idea how the tax stuff works.
If I do have to register, how do you go about doing it and what do you say because it's not like I'd have my own company or anything, and then if I do get a job for the summer wouldn't that mean that I'd be simultaneously listed as employed and self employed? :huh:
Sorry if this has been posted elsewhere, I did search but couldn't find anything that was really relevant to my situation, and sorry for knowing so little!
0
Comments
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This is something I would also like to know. I have signed up with a couple of survey sites, but I am employed full time.
I'd also like to ask what about the sites that pay in vouchers, you don't have to declare vouchers do you?0
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