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Prolific Academic Survey Alerts
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Does anyone know how you pay the 20% tax once you hit £1000 on surveys for the year.
I cashed 350 from prolific on April 7th so I didn't have to pay tax last year and am close to 1000 now.
Do I wait until next April and pay the tax in full for the previous year. or do I pay it monthly from now or what.
Also do I need to fill in any forms0 -
Slinky said:elsien said:Mine is the same, although I haven’t yet been back into the prolific assistant to check if there’s any settings I need to play with.
I've checked, there don't appear to be any settings that you can alter, although the description on the app still says about the audible alert. Looking at the reviews somebody else moaned back in May about the audio disappearing.
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[Deleted User] said:Does anyone know how you pay the 20% tax once you hit £1000 on surveys for the year.
I cashed 350 from prolific on April 7th so I didn't have to pay tax last year and am close to 1000 now.
Do I wait until next April and pay the tax in full for the previous year. or do I pay it monthly from now or what.
Also do I need to fill in any forms
You haven’t actually earned the money until you cash out, so you can manipulate the earning date if you want.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.0 -
Got it thanks0
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Has anyone earned over 1000 and not paid tax? did anything happen?
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HMRC may or may not come calling. The difference now is that at the start of the year prolific indicated that they may be sharing that information, which is a change to previously.
If you have not told HMRC about income - GOV.UK (www.gov.uk)
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.2 -
[Deleted User] said:Has anyone earned over 1000 and not paid tax? did anything happen?
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So far, I've had 49 of this; reported, reported, reported and still they keep on coming:
Only Building and Grounds Cleaning and Maintenance Occupations Workers needed for ability assessment
By Wen Wang
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I don't see any grounds to report them - they are not underpaying, and each one has such a low limit on places that they disappear pretty quickly. I clicked on "Not Interested" for the first set I saw, but each set is looking for different occupational groups and they will soon run out!
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16 Identical surveys in each set on my Prolific account. Times four which is 68 today so far.
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