📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Prolific Academic Survey Alerts

Options
1104010411043104510461048

Comments

  • SensibleSarah
    SensibleSarah Posts: 629 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    I've done a few of the video AI audio ones over the weekend, but none have been approved as yet. I'm not going to do any more until I know that I'll be paid for the ones I have done. The first one took over 30 mins, but all since have been 25 mins or under. Very poor payment per hour compared to the original fact checking studies though, but can't complain if it's dead time for me otherwise. Ah the heady days of March when I earned £1k just through fact checking tasks :D
  • MollyR
    MollyR Posts: 2,573 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    If a study hasn't been paid for after 21 days, Prolific put through the payment themselves.
  • householder7
    householder7 Posts: 111 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 1 July at 10:09PM

    Hi all - would appreciate bit of advice about the HMRC situation if at all possible. I haven't been active on Prolific for a while but at one point saw the bit about address required to cash out; now there's the next level of having to supply NI numbers or what have you.

    I don't earn much on Prolific but have an outstanding balance (I can't see how long a period this covers because I can't see submissions til I give the necessary info), it's well under the reporting limit in any case. 

    No intention of giving my NI number so I will be quitting but have 2 questions - cashing out appears to still involve just giving home address, is that right? It's the only unticked bit on the cashout box on balance page. 

    Also I can't make head nor tail of the two statements below from 2 of their FAQ, they seem to contradict each other?!

    I'm sure this question has been covered but have been unwell and not really up to reading lots of threads and the ones I have seen don't quite apply. Thanks for any help  :)

     ___

    "What this means for you:

    Prolific is now required to collect some personal information and report your earnings to relevant tax authorities"

    and -

    "Do I have to pay tax?

    It's important to note that participants are not employees of Prolific - they are independent contractors so we do not report the Rewards they make to a revenue service (e.g. Inland Revenue in the UK). We simply act as the commercial agent to negotiate and/or conclude contracts between researchers and participants."

  • elsien
    elsien Posts: 36,091 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 2 July at 8:34AM
    Reading that, to me it says that prolific don’t pay tax on your behalf. It’s up to you work out any tax you owe, and pay it within your own tax regime. They do notify  HMRC if you are in the reporting  brackets as  a reportable seller. 

    I had an email earlier in the year telling me this:

    In accordance with DAC7 regulations, we, Prolific, as a reporting platform operator, are required to provide both the tax authorities of an EU Member State and our reportable sellers with the information we submit regarding their activities.

    This notification is to inform you that as of 31 December 2024, you have been designated as a reportable seller.

    As required by DAC7 provisions, we are sharing the relevant details with you, ensuring transparency about the information reported to the tax authorities. This includes a detailed breakdown of your earnings and transaction count (i.e., the number of studies taken part in) for each quarter.
    (Please note that any earnings originally in USD have been converted to their GBP equivalent value).

    Reported Information Details:
    Reporting Period: 1 January 2024 to 31 December 2024
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • Value
    Value Posts: 192 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    @elsien I didn't reach the threshold last year (stopped doing studies during the year to stay under!) but this year I might. Wondered if you get a breakdown that matches our tax year rather than calendar year? I know I can download all study payments but the payment date doesn't necessarily match the date the study was completed.
  • silvercar
    silvercar Posts: 49,616 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Value said:
    @elsien I didn't reach the threshold last year (stopped doing studies during the year to stay under!) but this year I might. Wondered if you get a breakdown that matches our tax year rather than calendar year? I know I can download all study payments but the payment date doesn't necessarily match the date the study was completed.
    Arguably the date you withdraw is significant. In the same way that your pay day is used to calculate your tax year earnings rather than the date you worked.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar
    silvercar Posts: 49,616 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    The law overrides any condition that prolific quotes. They clearly haven't kept their T&Cs up to date. The UK isn't an EU state, so DAC7 doesn't apply. If hmrc require information, then prolific will provide it. 
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • elsien
    elsien Posts: 36,091 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 2 July at 9:16AM
    I understand that, but the point is still that any tax  you owe is down to you and not to prolific.
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • olliebean
    olliebean Posts: 641 Forumite
    Part of the Furniture 500 Posts Name Dropper

    The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.

    This includes people trading clothes online, dog-walking or gardening on the side, driving a taxi, or creating content online.

    The Treasury says this will benefit around 300,000 taxpayers who will no longer need to file a self assessment tax return.

    An estimated 90,000 of them will have no tax to pay and no reason to report their trading income to HMRC in the future at all. Others will be able to pay any tax they owe through a new simple online service.

    So, some time before the next general election I suspect this will cease to be a problem for most Prolific participants.
  • householder7
    householder7 Posts: 111 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 2 July at 11:15AM
    elsien said:
    Reading that, to me it says that prolific don’t pay tax on your behalf. It’s up to you work out any tax you owe, and pay it within your own tax regime. They do notify  HMRC if you are in the reporting  brackets as  a reportable seller. 


    Thanks, I understand that as far as it goes, but yes it's the 'reporting' side that seems unclear - those two bits I quoted are literally side by side in the FAQs, one saying we do report, the next saying we don't?? 


    ..Can anyone that has done it confirm if I can cash out just by supplying my address?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.