Clinical Trials Taxable?

Dani21

Hi,

I'm in full-time employment and thinking of taking part in clinical trials. For each trial that I participate in, I will receive compensation for my time and inconvenience. Would this be taxable? I've read mixed articles with some saying it's non-profit volunteering and just covering expenses and others saying it's the same as a second income... =/

And sorry if this is in the wrong place, I wasn't sure where to post it!

brawlsadford

When I used to do them (10-12 years ago) the 'inconvenience allowance' certainly wasn't taxable. I don't know if this is still the case...

Mikeyorks

Fully covered here :-

http://www.hmrc.gov.uk/manuals/eimanual/EIM71105.htm

The last 3 paras are particularly relevant if you have no other association with the group conducting the trials.