Prolific Academic Survey Alerts

MollyR

We don't actually receive payment in dollars, we receive it in pounds sterling via Paypal - and that is how I have reported it for several tax returns, with no problems.  Also, I report what I actually receive during the tax year, not what I earn but have not yet withdrawn (but I do report what I earned the previous year but didn't withdraw until the current year).

Slinky

MollyR said:

We don't actually receive payment in dollars, we receive it in pounds sterling via Paypal - and that is how I have reported it for several tax returns, with no problems.  Also, I report what I actually receive during the tax year, not what I earn but have not yet withdrawn (but I do report what I earned the previous year but didn't withdraw until the current year).

I think you'll find that you're not reporting your earnings correctly. Prolific report what you've earned, not what you've chosen to withdraw.

I didn’t cash anything out in the tax year, will you still report any information on me?
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​We will be reporting earnings based on the approved responses in each quarter of the calendar year. i.e. at the point the money is available in your Prolific account. That is because these funds are held under trust and belong to you from that point in time so even if you chose not to cash them out, you have earned that money within the year.

What period are you reporting on and when?
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​We will be reporting on your earnings for the calendar year (January 1st to December 31st). The reporting typically happens in the following year by 31st January.

Taken from:

https://participant-help.prolific.com/en/articles/445070-digital-platform-reporting-requirements-dac-7

snowwhyte

I had some AI video studies again today. Hopefully this means I'm back in the cycle.