UK Tax For Youtube Income - Do I Need To Report My Income? 

Glad it was helpful!

Thanks for subbing!

Glad it helped

Thank you

Income tax is unlawful, learn real law and our bill of rights. None of us should be paying it

good luck

Thanks 👍

Yes it does still apply to your youtube income in that situation. Thanks for the sub

@@tax2ulimited Sorry for piggybacking of this comment but I am a bit confused. So I work full time with a company and they do all the taxes for my full time job, I recently started Twitch and have earn some money. So if I have not earn over £1000 from Twitch, I don't need to declare it? (I'm from the UK also useful video, it has cleared some questions)

You can get a unique tax reference (UTR) number without being registered for self assessment iirc you need a passport/photo ID for this. This is also how you log on to your government gateway to check things like NI contributions. I believe this number is sufficient for YT although if you do blow up and wish to change to a limited company it becomes more convoluted. At least that is what I read in regards to kindle direct publishing. Gl

If you are in the UK, HMRC will request you to Submit a Tax Return for both of the previous Tax Years that you had the 3000-6000$ income a year as Self Employed. You must send a tax return if, in the last tax years (6 April to 5 April) you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on). If you are late in submitting your Tax Return, HMRC will fine you unfortunately. So the sooner you solve this the better. The good news is that The standard Personal Allowance for last 2 tax years was £12,570, which is the amount of income you do not have to pay tax on, but you still need to submit a Tax Return. If you need help send us an email info@tax2u.co.uk with your details.

Work visa implies not a UK citizen? It will then depend on your own country's laws in respect to self employment and taxes is my understanding. If you have a UK Unique Tax Reference number you can use this to log onto a government gateway account which allows you to fill in a self assessment with the relevant details.

No, If revenue from youtube is below £1,000 then it doesn't need to be declared to HMRC. it doesn't matter how much income you have from self employment.

@@tax2ulimited great stuff, many thanks

How about I’m a full time housekeeper, and just new monetise, my employer pay my tax, is still allow to declare my revenue from yt?

Hi, do you have a RU-vid channel as well as PAYE? I want to start youtube but unsure about all this tax stuff.

Yes if you are doing your 2022-2023 Tax Year Tax Return will be with all income from 6th April 2022 to 5th April 2023 you have time by 31 Jan 2024 to have it submitted to HMRC in order to avoid late penalties. If you do not have a UTR number yet, you need to apply for one asap, before 5th Oct 2023 , here is a link bit.ly/utr-number

Would you have to declare if you sold some of your own clothes on Instagram or depop?

If your total earnings from RU-vid are below £1,000 then no you wouldn't need to do anything. If YT earnings exceed £1,000 then you would need to register as self employed and complete a tax return.

That is probably a US tax form as I received one recently as well. I haven't done too much research into this yet but it's likely that if you don't reply then RU-vid will start to withhold some tax on any revenue that is generated from US viewers. Depending on how many of your viewers are based this may or may not have an impact on your income.

Not unless you're VAT registered. Even then you would need to consider the source of the revenue (like you say)

No it counts as UK income. If you need more help just sends us an email to info@tax2u.co.uk and we can provide a competitive price.

I think it will not be easier to start a new channel, just register the LTD and continue with the same channel.

If you total income from Self Employed is under £1000 you do not need to pay tax on it, you can check more here www.gov.uk/set-up-sole-trader

You normally need to declate your income and pay tax on it, on the country you are a resident. You can live abroad and still be a UK resident for tax, for example if you visit the UK for more than 183 days in a tax year. www.gov.uk/tax-uk-income-live-abroad/uk-resident

You would usually need to complete a self assessment tax return and detail both sources of income. You should have already suffered tax on your employment income so it's just a case of whether any additional tax is payable on the youtube income.

@@tax2ulimited thanks for getting back to me. Do you advise still registering as a sole trader then?

For HMRC it does not matter how you call it, Ad revenu, affiliate income, monitising anything that brings you income, if it is more than £1000 per tax year, it must be declared through Self Assessment you can check more here on HMRC www.gov.uk/check-additional-income-tax

You need to declare your full year Turnover - expenses, and you will pay taxes on your Profit

Yes, same rules would apply

so how do u beat that legally ? or are u american and think ur laws apply everywhere??

@@RTJ3DCosplay why you being rude for?? learn to use government legislation against them, educate yourself on real law too, do some research all the info you need is out there

@@RTJ3DCosplay and no I’m not American I’m Scottish but unfortunately live in England due to my partner being down here

@@Awakend7 thank god ! U had me worried for a second there, when u said u wernt american i was afriad u actualy went dumbthen u reassured me that ur scottish so we are good lol LINK IT THEN

@@RTJ3DCosplay you seem arrogant, I’m not sure I want to help you