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    • GKOMW
    • By GKOMW 11th Jan 18, 11:16 PM
    • 1Posts
    • 0Thanks
    Children’s Earnings viral video
    • #1
    • 11th Jan 18, 11:16 PM
    Children’s Earnings viral video 11th Jan 18 at 11:16 PM
    My toddler starred in a video that went viral and made her some money. This all started when I posted the video on my YouTube account and media company spotted it. I want her to have all the income from it but fear I may have messed up. I signed the contract as the owner of the video and the earnings are in my paypal/bank account. I want to set up an account for her to transfer the money into, but I am now worried that I may be liable for tax (I am a employed.) If all the earnings the video made were to be deposited in her account will that be enough to satisfy HMRC. The earnings are below the child’s personalTax threshold. Thanks
Page 1
    • TheCyclingProgrammer
    • By TheCyclingProgrammer 11th Jan 18, 11:52 PM
    • 3,176 Posts
    • 1,852 Thanks
    • #2
    • 11th Jan 18, 11:52 PM
    • #2
    • 11th Jan 18, 11:52 PM
    Presumably you made the video? If you made the video, signed the contract for media rights and received the money I!!!8217;d say it was your video and your income, not your daughter!!!8217;s unfortunately.

    Also bear in mind, if it!!!8217;s a significant amount and you put it into an account in her name, if it earns more than Ł100 interest in a year then you!!!8217;ll be taxed on that too, unless you put it in a junior ISA.
    • agrinnall
    • By agrinnall 12th Jan 18, 9:51 AM
    • 20,335 Posts
    • 16,088 Thanks
    • #3
    • 12th Jan 18, 9:51 AM
    • #3
    • 12th Jan 18, 9:51 AM
    Your toddler can't sign a contract anyway (practically and legally) so it's either pay the money to you or don't have any at all.
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