mrcol1000 wrote: »
Online tax returns is not hard. Mine takes about half an hour and mine is more complicated as I buy and sell. It really is as easy as the money in and the money out. It is only more complicated if you earn more. You won't have to pay tax. Don't forget to claim for anything you have to pay for when making the videos. It will hardly matter now but if you ever increase income above tax then it will. The tax return is pretty easy and just a case of answering questions, there is a section on benefits. Most of it won't apply to you.
I found this link that may help.
I know people on here won't like it, but for £100 a year I think you are wasting your time registering for tax. It is unlikely HMRC will catch up with you for a paltry amount, but you never know when they may decide to target You Tube channels. So you may want to do it for peace of mind.
sheramber wrote: »
from 6 April 2017 there is £1000 trading allowancehttps://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income
Ames wrote: »
Isn't that the scheme that was scrapped? Or did they reintroduce it?https://www.moneysavingexpert.com/news/protect/2017/04/government-drops-1000-tax-breaks-for-online-sellers-and-room-renters-for-now
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