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  • RE: Help with foreign income, adjusted net income and self assessment

    Dear HMRC, Apologies, but your answer is not very clear to me regarding: I am receiving lump sum compensation for scientific work in editorial boards or journals, national research boards and scientific committees, some outside the UK I'm a British resident and would be taxed here. I plan to declare this to HMRC as 'overseas income' on top of my PAYE earnings. However, I read somewhere that instead of 'overseas income' this incoming amount can be declared as self-employment income with a £1,000 trading allowance permitted on this by HMRC because I have done all the work from my home here in the UK, instead of overseas. is this accurate? or, I alternative, please confirm in what panel I should declare this income. Thanks