Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Amazon Influencer Storefront - Tax Rules UK
MoneySaver625
Posts: 1 Newbie
Hi everyone!
I have a large social media following and I read about the Amazon Influencer program which allows you to create a storefront to recommend products. If people buy products through this storefront then you earn a commission.
I was just wondering how this would work in the UK with regards to tax; I earn within the basic rate of tax through my full time job (between £12,571 and £50,270).
Would I be required to fill out a self assessment tax form, or would I be okay as long as the commission I earn in a year doesn't exceed a certain amount?
Thank you!
I have a large social media following and I read about the Amazon Influencer program which allows you to create a storefront to recommend products. If people buy products through this storefront then you earn a commission.
I was just wondering how this would work in the UK with regards to tax; I earn within the basic rate of tax through my full time job (between £12,571 and £50,270).
Would I be required to fill out a self assessment tax form, or would I be okay as long as the commission I earn in a year doesn't exceed a certain amount?
Thank you!
0
Comments
-
Generally speaking, the first £1000 you earn each year while self employed will come under your trading allowance. You won't need to declare it or pay tax on it. If you're not sure whether it would count, you can fill in a quiz on GOV.UK to check: https://www.gov.uk/check-additional-income-tax
Mortgage start date: 01/10/2021
Original mortgage debt: £128,000
Remaining debt (01/10/2026): £70,183
Daily interest: £2.37
Mortgage debt end of 2023: £101,528 | Mortgage debt end of 2024: £88,876 | Mortgage debt end of 2025: £78,1640
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards