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Are Focus Group pay-outs taxable?
Daveinlincoln
Posts: 86 Forumite
Not sure if this topic should be posted over on the Tax branch but my thinking is there's more focus group participants over on this branch than over there?
I guess also the question applies to online survey work too.
So, I do about 20 Focus Groups a year and they average out at around £50 a time, I am drawing down on my pension (I'm 57) and this focus group work takes me over the £12570 tax threshold.... I see on one of the focus group websites that they say the work is "Tax free".
Is that true?....is focus group work tax free?
I guess also the question applies to online survey work too.
So, I do about 20 Focus Groups a year and they average out at around £50 a time, I am drawing down on my pension (I'm 57) and this focus group work takes me over the £12570 tax threshold.... I see on one of the focus group websites that they say the work is "Tax free".
Is that true?....is focus group work tax free?
1
Comments
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I don't know - but you are allowed £1000 a year from self employment (turn over not profit) without needing to declare it for tax purposes. https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll2 -
Also, do payouts in Amazon vouchers count? A lot of FGs pay out in Amazon.🙂0
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Or they pay £50 as a "taxi fare" and related expenses but it's up to you what you do with the cash.
If you go on TV it can be the same process0 -
Found - if more than actual and reasonable expenses, yes they are taxable. Probably most relevant to clinical trials where participants can get larger sums.
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0
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