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Paying Tax on commision in the UK ? help please

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  • #776607
    escape
    Member

    Yes you need to be paying tax on your commissions. You will need to sort out a tax return if you are in employment. If you are not in employment already, then you should register as self-employed (if your earning merit it) so as to sort out stuff like your NI and that as well. If you’re earning more than £60,000 in a year from commission, you will need to VAT register as well. :D

    The best thing to do is fun up the HMRC and check with them, they can get a tax return sorted out for you or get you down as self-employed, etc.

    #776624
    masgo
    Member

    I have read somewhere that if you get paid through CJ then you may not have to abide to the UK tax rules as the payment is coming from another country, but im not sure i will ring hmrc and speak to them thanks

    #776642
    Anonymous
    Inactive

    Hi,
    you can find some useful info here

    #776645
    Anonymous
    Inactive
    #776651
    Anonymous
    Inactive

    I’ve been having regular telephone conversations and letter-swapping sessions with HM Revenue & Customs over how to declare tax on affiliate marketing. Bottom line is that as a UK resident, anything you earn from anywhere in the world must be declared. Pretty simple really.

    Most of my “debate” with them is about offshore reporting, and “research” costs.

    #776652
    Anonymous
    Inactive

    I have read somewhere that if you get paid through CJ then you may not have to abide to the UK tax rules as the payment is coming from another country

    Nope. What Simmo said is right : it doesn’t matter what country the source of your income comes from, as a UK citizen, you have to pay tax on it to the UK government.

    You need to do two things: 1) register as self-employed. 2) File a tax return.

    It might be advisable to find an accountant if you think your circumstances warrant it. You can compare quotes from local accountants here:

    http://www.justaccountants.co.uk/self-employed.html

    #776736
    Anonymous
    Inactive

    It might also be worth you setting up a Ltd company. If you have some decent earnings, this can work out to be tax efficient.

    An accountant can advise if it suits your needs.

    #776806
    Anonymous
    Inactive

    If you are a non Uk citizen and are non domiciled there may be other options for you but as has been said in this thread if you are a UK citizen you need to pay taxes.

Viewing 8 posts - 1 through 8 (of 8 total)