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  1. #1
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    January 18th, 2005
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    A quick question about Tax Returns - if you are registered as self employed but earning below your personal allowance, do you still have to fill out a tax return?

  2. #2
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    Yes.

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  3. #3
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    January 18th, 2005
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    short and sweet,

    thanks!

    (sidenote - i hope all you other guys are registered with the IR, i didn't even know about it for a year or so, just in the nick of time)

  4. #4
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    Yeah, don't mess with the Inland Revenue. They will find you eventually.

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  5. #5
    Member
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    January 18th, 2005
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    On a side note, when I paid my tax last year the payment (made via online banking) went to my credit card company instead of to the Inland Revenue and I got a hefty fine for late payment as I did not discover the error until it was too late - ouch! I never figured out if it was the banks mistake or mine, but I did notice that the bank changed its online payments so you get a confirmation page screen rather than just going back to your account.

  6. #6
    ABW Ambassador
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    January 18th, 2005
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    do i need to do tax stuff if i am a hosewife earnign a little bit extra? i obviosly am not earning over my yearly limit, so was not sure

  7. #7
    Full Member
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    January 18th, 2005
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    373
    you should submit a return, but i wouldnt bother if it's just a few quid
    if you start earning more then see a (cheap) accountant

  8. #8
    Newbie
    Join Date
    January 18th, 2005
    Posts
    7
    Here's another UK Tax question.

    I'm in full-time employment (boring [img]/infopop/emoticons/icon_biggrin.gif[/img]) and am paying Tax automatically through my pay-cheque.

    I'm also earning about 10% of my monthly income through a 'hobby' affiliate site. Do I need to declare this relatively small amount?

    This might be a stupid question, but I'm only young and know little of the big bad tax world yet.

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