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Honorarium
nilocmac
Posts: 514
Forumite
in Cutting tax
I was given an honorarium of roughly £1800 and am just wondering where it goes on my SA. I earn about £25000 from regular employment and have some rental income. Please let there be an a easy answer :-)
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Comments
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It shouldn't go on your Self Assessment. It's a contribution towards costs
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That would depend on if it was reimbursing costs. OP has not said he had costs.penners324 said:It shouldn't go on your Self Assessment. It's a contribution towards costsI think there is a section for ‘ other income not included on supplementary pages’ after savings interest etc0 -
subject to you confirming what is was for, it is typically treated as noted above, taxable earnings from employment
NIM02205 - Class 1 NICs: Earnings of employees and office holders: Honoraria and similar payments - HMRC internal manual - GOV.UK
if you are in fact a "volunteer" then work your way through this guidance - it has 2 outcomes: a) declare as employment or b) as misc income as the case warrants
Payments to volunteers | Low Incomes Tax Reform Group0 -
Thank you everyone for your contributions as with most things there is no easy answer. 'I think there is a section for ‘ other income not included on supplementary pages’ after savings interest etc is the best option for my situation. It's knocked my refund down by a few hundred £s but better to keep everything above board.0
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