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Posted Mon, 19 Aug 2024 16:03:03 GMT by Kenny
Hi, Do I need to do a self assesment for recieving over £4000 in referral bonuses from various companies (banks mainly)? If so what does this come under? Self employment as sole trader? Does that mean I have to register as a sole trader just becase I signed up people through referrals? Thanks
Posted Mon, 02 Sep 2024 11:12:42 GMT by HMRC Admin 21 Response
Hi Kenny,
If the income has not been taxed at source under PAYE then yes you will need to declare this in a tax return.
Thank you.

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