Prolific - Paying Income Tax

in Boost your income
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Julezy101Julezy101 Forumite
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Hi,
Is all income from Prolific treated as taxable (over your PA) or can the first £1000 be disregarded as it would be counted as a hobbie? I'm referring to this article but I question it as I dont think its correct, thanks

https://www.reddit.com/r/beermoneyuk/comments/pzqr08/prolific_earnings_and_taxes/

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  • edited 4 March at 1:06AM
    mjm3346mjm3346 Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    edited 4 March at 1:06AM
    From this site (MSE) https://www.moneysavingexpert.com/family/make-money-online/

    Before you start counting the dosh, don't forget to check if some may belong to the taxman

    For most people this won't be the case, especially if you're just doing it as a bit of extra cash. But get serious with it, or already have income from self-employment, and you might need to pay tax.

    The trading allowance means you don't have to report the first £1,000 you earn from self-employment or selling goods/services 'for profit'. However if you earn more than a grand from the tricks in this guide, or have income over £1,000 from this and other self-employment, you'll need to declare it to HMRC, regardless of whether you're self-employed or PAYE.
  • Julezy101Julezy101 Forumite
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    Thank you mjm3346 :-)
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