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Self Assessment and Prolific Earnings
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Mum161111 said:I heard just part of a clip on television this morning about being allowed to earn up to £3000 without having to complete a Self Assessment Tax Return. I understood that tax was still payable on income over £1000 but not via self assessment.
If anyone saw this (BBC1 before 9 a.m.) did it say if the £3000 income was including both survey income and savings interest combined?
I apologize if I am being a bit inarticulate , not sure how to explain what I mean, but I did not hear the full clip.
I tried to reply "Thanks very much eskbanker. I have just watched it on BBC iPlayer. at 4 p.m. Sounds as if nothing is going to change in time for the next Self Assessment but likely to be simpler and easier in future if the proposed change becomes effective." Trying to reply with a quote keeps telling me it's 9 characters too short - even when posting whenre the little bar blinks.
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Hi - a bit late for Tsar76 - apols - but for anyone else looking for help with how to declare income from surveys, we discuss that it could be 'miscellaneous' rather than self-employed income here: https://www.litrg.org.uk/working/gig-economy/online-traders-and-using-platforms#5“Official Company Representative
I am an official representative of LITRG (Low Incomes Tax Reform Group) part of the Chartered Institute of Taxation who are an educational charity. We are not part of MSE or HMRC. MSE has given permission for me to post on the Forum but this does NOT imply any form of approval of my organisation or its products by MSE. We can’t give individual advice, but if you require further help, we recommend that you contact a tax adviser, HMRC or one of the tax charities where relevant. You can find more information about where to get help with tax here. If you believe I am posting inappropriately please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"2
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