Making about £12 a month on online surveys . Its hardly a business so how do I report for tax ?

Live in the UK . I have already decided to pay the tax bill so am not looking for opinions on whether i should report it or not .Have a job , full time , bringing in about £11,000 a year.

Making about £12 a month on online surveys . Its hardly a business so how do I report for tax ?
This may also help you:


You have to pay Class 2 contributions if you are self-employed in your spare time. This applies even if you are also paying Class 1 earnings related contributions as an employee, or office holder. But you do not have to pay Class 2 contributions if you apply for and are granted a Certificate of Small Earnings Exception.





You will be classed as having small earnings and may not have to pay Class 2 contributions, if your earnings, that is money left after expenses


• were less than £4,465 for the period from 6 April 2006 to 5 April 2007, and/or


• are expected to be less than £4,635 in the tax year period from 6 April 2007 to 5 April 2008.





So, you can register as self-employed, declaring the money you are earning using this link http://www.hmrc.gov.uk/selfemployed/iwtr... and can apply for a small earnings certificate - using this link http://www.hmrc.gov.uk/forms/cf10.pdf





I am self-employed with a small earnings cert in place, and when I started a part-time job a few months ago earning £8,000 a year I got advice from the tax office and was informed that i could keep my small earnings exemption certificate for self-employment no matter how much i earned as an employee!
Reply:The answer you have chosen is incorrect - the answerer is going way over the top and suggesting you sign up to something unnecesssarily! Report Abuse

Reply:You are self employed so need to do a self assessment.


I am self employed so know of some of the advantages.


You do have business expenses that count against your earnings though. You must pay for electricity to use the computer to make your £11 a month.


You have to have heating to be warm, a computer to be on the net. so all these are tax deduct able.


You might find when you take these into account you can claim more of your tax back that you pay in your job than you would have to pay on your extra earnings.


Be careful of the national insurance as that much more tricky to sort out, you need a low income exception for your extra earnings on that. Be careful as they will happily take 3 times your extra money off you each month
Reply:If you file your tax return on line, it's much less trouble than filling in the whole thing manually (and the Revenue does the tax calc for you if you've registered - free - to use their software).
Reply:You need to do a self-assessment, as you are also self-employed. Best thing to do is contact Business Link and get some advice from them.
Reply:Your total income. from this source is £108? The tax on this is £23.76. HMRC won't be interested in this small amount - it would cost them more to process the return than that.


Generally speaking, if you have more than £100 of liabiality (NOT income), then you should declare it.


This is not a business, its casual earnings and not worth worrying about.