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Prolific - Paying Income Tax

Julezy101
Posts: 66 Forumite

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/
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/
0
Comments
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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 taxmanFor 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.2
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Thank you mjm3346 :-)0
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Sorry to resurrect an old thread, but what happens if you earn more than £1000? Does it all become taxable, or just the amount over £1000?Free is my favourite price!0
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Just the amount over £1000 will be taxable1
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