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Extra money
Zoemon_2
Posts: 1 Newbie
If I was to earn an extra £300 per month from ticket sales to a monthly event, on top of my full time salary, does anyone know what the tax implications would be?
0
Comments
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If I was to earn an extra £300 per month from ticket sales to a monthly event, on top of my full time salary, does anyone know what the tax implications would be?
You would need to register with HMRC as self-employed and would then complete a self-assessment form every year.
You would then pay either basic rate or higher rate tax on the earnings depending on which band you are in when the extra income is added to all your other income.0
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