Earning affiliate commisions while I am a student in the UK?

browsing_hosts · Dec 12, 2011

I am earning around $2000 per month although it is not guaranteed if it is more or less. I am doing a long term JV and split the earnings 50% to my partner in the USA via paypal.

I get the money sent on a net45 basis via check and I just cash it in at the local bank branch. I am still a student studying at university what taxes do I have to pay or is there any way of avoiding it?

I have now set-up a wire transfer to have the money wired to me does this make any difference?

BTW: The check/payment comes from the USA, sunny California so does that technically mean I am earning from outside the UK.

volund · Dec 12, 2011

Assuming you are from the US it really does not matter where you live, the IRS wants their cut. Basically there are two questions. First do you owe taxes? Yes you do. Second can you get away with not paying them? Possibly depending on the trail the money leaves on its way to you. I am sure the company paying out the affiliate commissions is filling out the correct paperwork. If that paper work is in you partners name then it all comes down to what will he do when the IRS asks him why is not claiming all the income he received.

Really though you are not going to be paying tax on the whole $2k so your tax bill is probably not going to be that high. You pay taxes on the net minus expenses and deductions so starting at $2k is not going to put you in a high tax bracket by any means. Find out exactly what you would have to pay if you do everything above board and then decide it it is worth it to try and beat the system.

browsing_hosts · Dec 12, 2011

volund said:
Assuming you are from the US it really does not matter where you live, the IRS wants their cut. Basically there are two questions. First do you owe taxes? Yes you do. Second can you get away with not paying them? Possibly depending on the trail the money leaves on its way to you. I am sure the company paying out the affiliate commissions is filling out the correct paperwork. If that paper work is in you partners name then it all comes down to what will he do when the IRS asks him why is not claiming all the income he received.

Really though you are not going to be paying tax on the whole $2k so your tax bill is probably not going to be that high. You pay taxes on the net minus expenses and deductions so starting at $2k is not going to put you in a high tax bracket by any means. Find out exactly what you would have to pay if you do everything above board and then decide it it is worth it to try and beat the system.

Please read the thread title

Earning affiliate commisions while I am a student in the UK?

I am not a US resident, I live in the United Kingdom of Great Britain, England, London.

W9go · Dec 12, 2011

you are sure over the amount which you can earn taxfree in GB.
The question is who should find out?

jgeeked · Dec 12, 2011

ogeee · Dec 13, 2011

Do a tax return at the end of the tax year and declare it to hmrc. Also, be aware that the bastards will also want national insurance off you.

browsing_hosts · Dec 13, 2011

Earning affiliate commisions while I am a student in the UK?

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