simon the viking
Guru
Who can give a free paragraph of help before I join the rude/Trollee money forums to get an answer....
Simply.....
I work full time and pay income tax at the standard rate.
I have earnt about £200 from writing this year which I would like this to be 'legal' earnings. The government website says about a £2500 threshold before I have to fill out a self assesment... does this mean I get any self employed earnings up to that amount tax free or do I have to inform them another way so they can add it to my tax code? I could easily produce receipts for materials/home office etc to offset any tax liabilities I just cant be bothered if I don't have to.....
Simply.....
I work full time and pay income tax at the standard rate.
I have earnt about £200 from writing this year which I would like this to be 'legal' earnings. The government website says about a £2500 threshold before I have to fill out a self assesment... does this mean I get any self employed earnings up to that amount tax free or do I have to inform them another way so they can add it to my tax code? I could easily produce receipts for materials/home office etc to offset any tax liabilities I just cant be bothered if I don't have to.....