Clixsense

Blackpepper1

I would have thought that any cash you earn was taxable so don't understand why the HMRC says it isn't. We are getting paid cash and not in vouchers at Clixsense.

System

Personally I declare it, and pay NI contributions (Class 2), also I pay tax as required when completing a tax return. I only pay a VERY small amount of tax, is it really worth taking the risk of getting in trouble? Not for me

I know that vouchers are classed as market research incentives but cash is king for me, even if I have to pay tax on some of it.

Blackpepper1

katykicker wrote: »

Personally I declare it, and pay NI contributions (Class 2), also I pay tax as required when completing a tax return. I only pay a VERY small amount of tax, is it really worth taking the risk of getting in trouble? Not for me

I know that vouchers are classed as market research incentives but cash is king for me, even if I have to pay tax on some of it.

True. Of course if you are classed as Self Employed for these kind of sites you will pay less as you can offset costs against your overall profit for the year. Things like a portion of your heating as you are working from home, a portion of your telephone/internet costs, a portion of your petrol as well as any office equipment you buy to use for your business like computer,tablet smartphone, stationary etc.

Broke_Kitty

How confusing, I told her that I was being paid money. I said I'd made £20 between this and field agent in the past couple of weeks.

Blackpepper1

Broke_Kitty wrote: »

How confusing, I told her that I was being paid money. I said I'd made £20 between this and field agent in the past couple of weeks.

Yes it is very confusing. Maybe the lady is right and we are all wrong and counting it when we shouldn't be, as you said you were getting paid cash and the HMRC are the people that should know what they are talking about.

Broke_Kitty

Blackpepper1 wrote: »

Yes it is very confusing. Maybe the lady is right and we are all wrong and counting it when we shouldn't be, as you said you were getting paid cash and the HMRC are the people that should know what they are talking about.

I would be interested to hear what anyone gets told if they ask. I don't NOT trust her, but it's one of those things where the majority of people here are declaring it and it seems you guys are very clued up on these things.

Anyone fancy giving them a call?

System

Blackpepper1 wrote: »

True. Of course if you are classed as Self Employed for these kind of sites you will pay less as you can offset costs against your overall profit for the year. Things like a portion of your heating as you are working from home, a portion of your telephone/internet costs, a portion of your petrol as well as any office equipment you buy to use for your business like computer,tablet smartphone, stationary etc.

Yes, I do so, to a certain extent, I only paid about £700 tax/NI last year, which was the legitimate amount, I am a stay-at-home wife, and happy to contribute to the budget while doing it all legal. Life is too short for me to be worrying about something as small as £700 over the year, particularly when I am earning the money at home I am hoping to earn a similar amount of money this year, which I was very happy with and save up a few thousand

Blackpepper1

katykicker wrote: »

Yes, I do so, to a certain extent, I only paid about £700 tax/NI last year, which was the legitimate amount, I am a stay-at-home wife, and happy to contribute to the budget while doing it all legal. Life is too short for me to be worrying about something as small as £700 over the year, particularly when I am earning the money at home I am hoping to earn a similar amount of money this year, which I was very happy with and save up a few thousand

True. I would rather declare any cash received to be on the safe side and it contributes to the household budget as well as being able to say I am working and earning from home. I count all cash earned online as self employed earnings, however with all costs put against the profit made for the year there has not been enough so far for me to have to pay tax on it.
If there is is some eventually then of course it will be paid.

System

Blackpepper1 wrote: »

True. I would rather declare any cash received to be on the safe side and it contributes to the household budget as well as being able to say I am working and earning from home. I count all cash earned online as self employed earnings, however with all costs put against the profit made for the year there has not been enough so far for me to have to pay tax on it.
If there is is some eventually then of course it will be paid.

So do you still declare those earnings? Also, do you pay class 2 NICs?

Blackpepper1

katykicker wrote: »

So do you still declare those earnings? Also, do you pay class 2 NICs?

Yes it goes in as profit and loss on the self assessment tax form and NIC doesn't get paid until earnings are higher.