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Income from Youtube channel advice please
sparkiemalarkie
Posts: 915 Forumite
in Techie Stuff
Hi not sure if this is the right place- I'm asking on behalf of someone else.
Their youtube channel has recently started making them money.
The money seems to be shown in US $.
I understand, from them, that they need to make an application to withdraw this money.
Is this money taxed in the US ?
Can this money be automatically sent to their UK bank account or does it need to be 'withdrawn'?
I assume that UK tax needs to be paid on this. Am I right?
They have accrued a nice sum of $960 in 3 weeks so it's worth 'fussing over' and getting the process right.
Any help/suggestions/warnings would be brilliant.
Thanks
sx
Their youtube channel has recently started making them money.
The money seems to be shown in US $.
I understand, from them, that they need to make an application to withdraw this money.
Is this money taxed in the US ?
Can this money be automatically sent to their UK bank account or does it need to be 'withdrawn'?
I assume that UK tax needs to be paid on this. Am I right?
They have accrued a nice sum of $960 in 3 weeks so it's worth 'fussing over' and getting the process right.
Any help/suggestions/warnings would be brilliant.
Thanks
sx
0
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