Tax returns and honorariums

MoraMe

Hi,

Please can anyone advise me about Honorariums?

I received this year an honourarium for just over £1000. I a bit confused about whether it should go on my tax return.

It's not a case of the tax implications anyway as the grand total my taxable revenue is below the personal allowance of £11,500 (even if I add the Honorarium!) It is more so about getting the tax return correct.

I am employed but also self employed and so I have to do do tax returns. I have received the honourarium for some voluntary Sunday School teaching at my place of worship . I do this on average about 60 hours a year.

I put the honourarium on my tax return as extra income last year but I am thinking maybe that I didn't need to? Would be useful to know where I stand,especially if I am over the personal allowance next year.

Thanks very much!

pjclar02

Hello there

I would suggest you can treat this as non-declarable now under the £1,000 trading allowance. This enables you to earn £1,000 without having to declare or pay tax on it.

Pennywise

pjclar02 wrote: »

Hello there

I would suggest you can treat this as non-declarable now under the £1,000 trading allowance. This enables you to earn £1,000 without having to declare or pay tax on it.

But the OP has said they already have other s/e income too!

I'd put the income down as "other income" on the tax return if it's nothing to do with your s/e work. If it's connected, then add it to your s/e income instead.