I'm talking about individuals who run forums and charge for subscriptions or take donations, who have websites and charge for advertising and maybe sell hosting (on a small scale) or sell their services (or 'hobby') such as web design or graphics design.
Obviously it's so easy to use PayPal and be done with it. But are you supposed to be declaring all earnings? Are any earnings what so ever classed as taxable business earnings?
What are individuals in this position supposed to be doing? Should you be registered as a business? If you are in this position, and i presume quite a large group of members on here will be, how are you covered? etc..
Question
game_over
I'm talking about individuals who run forums and charge for subscriptions or take donations, who have websites and charge for advertising and maybe sell hosting (on a small scale) or sell their services (or 'hobby') such as web design or graphics design.
Obviously it's so easy to use PayPal and be done with it. But are you supposed to be declaring all earnings? Are any earnings what so ever classed as taxable business earnings?
What are individuals in this position supposed to be doing? Should you be registered as a business? If you are in this position, and i presume quite a large group of members on here will be, how are you covered? etc..
Any insight on the subject would be great :)
Link to comment
Share on other sites
2 answers to this question
Recommended Posts