Tax on Additional Income

Toastie

Who does declare there additional income from cashback, search engines, and opinion polls and get taxed on them?

Can you even be taxed on these?

A_little_stressed!!

Very good point, I will hang around for an answer!

shawry_99

As far as I am aware, cashback, is classed along the same lines as discount, its not actually earnings.

Search engines I dont think can be taxed, as its a gift from a company in essence, as you're not doing a job.

Polls, this is open to debate, generally its classed as a reward for doing the survey etc so would not be taxable, however it would be possible to argue that it is a job, however to be honest its not the opinion we reached (when stopped in the street to complete one you dont get paid)

These answers are not researched, just after I posed the questions to my works sub contracted book-keeper who does loads of accounts for individuals/companies

ali1972

shawry_99 wrote: »

Polls, this is open to debate, generally its classed as a reward for doing the survey etc so would not be taxable, however it would be possible to argue that it is a job, however to be honest its not the opinion we reached (when stopped in the street to complete one you dont get paid)

I would regard cash earned from surveys (as opposed to other incentives) as something which should be declared... Perhaps there is a MSE accountant who could clarify this?

Toastie

It was a bit of a moment when i thought about it.

My 'online' earnings is from;

Slice the Pie
Quidco
TopCashBack
My Search Funds
One Poll

However this year i have an interview for a job that will make me pay tax! So i'm guessing that no one actually declares there income (from these atleast)

Thanks for the replies.

theinsider

I would say, as a rough rule of thumb, anything where you are being paid for your time or services needs to be declared. So surveys, yes, cashback, no

ali1972

theinsider wrote: »

I would say, as a rough rule of thumb, anything where you are being paid for your time or services needs to be declared. So surveys, yes, cashback, no

Yes, that's the rule of thumb I apply...

Toastie

This results in a self assesment tax form then?

Or something else?

ali1972

Toastie wrote: »

This results in a self assesment tax form then?

Or something else?

There's a section on the return for "any other income" which is handy for this sort of thing. Particularly as it's not very much anyway.