Tax For A 15 Year Old

Limelike said:

Hey Guys,
Im a 15 year old black hatter at the moment im only making couple $$ a day. I have a couple of plans which should rake in some cash for me.

Im a british resident so on so will i have to pay tax so on when i start making big money? My bank accounts are with hsbc barclays and abbey and advice ? Will they get suspious when i cash out.

Thanks.

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According to British laws, you can make any amount of money you want! And yes you will have to pay up all the taxes, but the taxes will be taken under your parents/guardians name. Thats what i am doing right now [another 15 yr old]!

Pretty sure you have to file the taxes under your parents name.

I se alot of these wiz kids making sites that generate 1000s a month their parents get all the money, and then they pay the tax.

But if you want real advice go talk to a accountant, financial specalist.

When I was 17 I was making a bit on Adsense and other sites, went and saw a financial/tax specialist he explained it all in easy to understand english, he even charged a really low rate for 1 hours consultation like $20 bucks I think his normal rate my parents payed him was $100, said he wanted me to set him up some sites haha..

Im not in the UK or USA but.