Ebay Affiliate Uk
Is there a threshold over which you have to declare additional income and pay income tax in UK?
I am a full time employee. As a hobby I’ve started creating web pages on free platforms (free hosting and free sub-domain); those pages also include affiliate links from Amazon or eBay. Let’s say I will, at some point, make £20 per year. Do I have to declare myself self employed, start filling in self assessment forms and pay tax to Inland Revenue for £20 of additional earnings (on top of my annual salary)?
If not, being a negligible amount, then what is the threshold (if any) above which you have to declare yourself self-employed and start paying taxes? If there is no exact threshold, does this mean that the Inland Revenue is expecting getting taxes from (let’s say) a person that makes online a £1 profit (paid into his bank account) from selling one item on eBay?
Thank you.
Yes, as you’ve found out the official threshold is £1.
But if you really only make small amounts (and I mean up to a few hundred pounds each year) I would just write to HMRC and give them the details. They may adjust for this on your code number and keep you out of self assessment.
Make Money Online, Website Builder, Affiliate Marketing, Internet Marketing, Amazon Associates
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