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Online advertisement and tax

I tried really hard to find where to post this and I am still not sure if this is the right place. If not, apologies and do let me know where to take this question to!

I am considering creating a Wordpress blog on which I may display advertisement (AdSense, etc.). This is not something I have done before and am not sure how this is going to work out or what revenue might be generated.

My concern is this: assuming I make some money, this will be an income over and beyond my job salary. How do I pay tax on this new income? Do I need to let HMRC know? This may be a stupid question but I simply do not know how this works and I wish to be informed before I take the plunge.

Thank you.

Comments

  • You fill out a self assessment.

    Regarding the amount you might generate, it depends on the value that you provide. You need hundreds of thousands of people visiting your blog to make a few hundred pounds. Google don't pay out until you reach at least £60 in earnings.
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    If you are able to sell directly to advertisers rather than using adsense then you can make more. but it takes time, you have to develop a site people engage with. Its perfectly possible to earn a few hundred per month once you have a successful site. Realistically expect to take at least a year maybe more before you see any returns.
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