Casual Work Tax Free

jamesryder

Hello,

I understand that you can now earn up to £1000 for occasional work as an addition to a main job and that you don't have to declare this tax as of the 5th April 2017. I've done some work for a company that was undertaken from December 2016 to February 2017. I was paid £150 for this work and the company paid this money into my bank on the 1st May, i.e. in the current tax year which permits tax free earnings up to £1000.

My question is, do I have to declare this money to HMRC, since I did the work in the previous tax year but I was paid in the current tax year? I'm unsure whether it's determined on when I did the work or when I was paid. Obviously I'm hopeful of the latter

Thanks in advance!

Dazed_and_confused

Your information is out of date and you need to declare the income. How you do this depends on whether it was a one off or part of your own business.

If a one off them I would treat the income as for this year, 2017:18.

http://www.telegraph.co.uk/tax/income-tax/government-quietly-drops-ebay-airbnb-tax-break/

jamesryder

Thanks for that information and advice. You're right, my information was out of date as every site I looked at talked about this tax relief and I'd not found anything to state that they'd dropped it. Stupid internet!

What a huge disappointment but at least I know now. Thanks again!