Paypal and Income Tax

designbw

I have started creating websites freelance on top of my full time job and take payments through paypal (not talking big money here - max. £200 as and when needed so not every month). How do I go about paying tax for this extra income?

HappyMJ

Speak to the HMRC. First thing you need to do is register as self-employed. As your self employment income is low then you may need to opt out of paying national insurance contributions. You need to check you have enough from your main job or are credited with them in some other way before doing that as £2.30 a week may get you some extra benefit. Then speak with the HMRC on what to do next. They'll tell you everything you need to do.