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Question for UK based affiliates

Discussion in 'BlackHat Lounge' started by miccky86, Sep 18, 2015.

  1. miccky86

    miccky86 Registered Member

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    Hi guys got a quick question for UK based members who make money through affiliate marketing.

    i'm just getting started and want to know how members who started making a decent amount of money dealt with income tax?

    did you declare your earnings and pay tax on them? if not is there anyway you tried to hide your earnings?

    thanks in advance for any answers.
     
  2. blogzandstuff

    blogzandstuff Elite Member

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    amazon affiliates have to sign a declaration for tax. I declare everything so to be safe, they will catch up with you in the end. You can set it up as a hobby first and when decent money comes in then declare it. The taxman probably won't bother if you earn a few quid.
     
  3. shadow2015

    shadow2015 Junior Member

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    I think you dont have to pay TAX until you gross over 81K
     
  4. islandman1010

    islandman1010 Elite Member

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    That is terrible advice and completely wrong. It doesn't matter if it's from affiliate marketing or working at McD it's still the same tax rules as you will more than likely be a sole trade/self employed. If it's coming from US CPA companies it's still the same.
     
  5. Skyebug77

    Skyebug77 Jr. VIP Jr. VIP

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    Yes claim everything that you make. Not worth losing everything by committing tax fraud.
     
  6. tb303

    tb303 Power Member

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    That post above is wrong. you probably thinking of VAT

    Im in the UK and I declare my earnings (and seo costs etc). Forget panda or penguin the tax man is more scarey.

    Tax threshold is around £10000 now though I think. If all your income before costs is less than that you may not need to do much. but check first.
     
  7. shadow2015

    shadow2015 Junior Member

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    have a read (sorry for the link)
    gov.uk/vat-registration
     
  8. homenet

    homenet Power Member

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    He's not talking about VAT though, he's talking about tax, theres a big difference.

    To the OP - depends how much you're earning, in theory you're allowed around 10k/year tax free, providing you aren't on benefits. Now, if you're in full time employment and are earning an extra bit of money through IM (no more than a few hundred a month) then you will most likely be fine to not tell HMRC. Legally you should, but you will be flying well under the radar with these figures.

    If you're earning £x,xxx a month however, Id be inclined to fill out a self assesment and claim it as taxable income.
     
  9. shadow2015

    shadow2015 Junior Member

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    thanks, was helpful to me too
     
  10. miccky86

    miccky86 Registered Member

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    Thanks for the info, i'm just starting out right now so this isnt a concern for me yet. good to know what i need to do though when i finally (hopefully) start earning some decent money.

    would i just go through the HM revenue and customs site to do the self assessment?
     
  11. smartstar1

    smartstar1 Junior Member

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    You better declare it. I have setup my own company which makes it much easier and white hat. I can also offer other services than affiliate marketing and I am able to invoice my clients. I have an accountant who manages everything for me. A little extra cost but more than worth it to stay away from any tax troubles
     
  12. homenet

    homenet Power Member

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    Yes, you would do a self assesment through HMRC's website.

    As smartstar says, you could register a LTD company (costs around £15) but if you're already in full time employment I wouldn't bother with this right now, its an uneccesary hassle and will require you to file accounts or pay for accountants to do it for you.
     
  13. miccky86

    miccky86 Registered Member

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    thanks for the advice guys, will possibly look at registering at a later date.