James
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Small Honorarium from USA Academic Institution
Hiya, I'm a UK citizen, living in the UK, I'm payed PAYE at an academic institution here. A USA academic research project wants some very limited consultation and has offered me a $3000 USD honorarium for providing them advice and support. Questions: 1) Do I need to file self-assessment in the UK, as I'm not sure it is worth the stress of me doing that for $3K USD that is then taxed. 2) If I ask the USA institution to withhold tax, do I need to do anything here in the UK? (i.e. I've already paid tax there, so don't need to do so here) If doing that would I need to somehow submit a tax form in the USA?! 3) What is the easiest way to receive some of this money without having to change my tax assessment here in the UK. (I want to continue PAYE and not submit additional forms if possible.) Thanks for any suggestions. -
ALCS payments and personal tax as second job.
Hi there, I am employed full-time by a UK academic institution, I am a British citizen, living in the UK. My tax code is 1257L, and tax is paid by PAYE by the institution who manages all of that. As part of that job I produce research outputs on which I own the copyright. I have registered these with ALCS as a collecting society and received a whopping £126 this year. 1) Do I need to submit a separate self-assessment tax return for this amount? 2) I also have some self-published books on Amazon, but believe these are set to withhold tax. Total (including ALCS and these) I have not earned over £1000 in a tax year as part of this second job. Do I need to submit a self-assessment tax return? 3) At what point in earning from any external non-PAYEd source like this would I need to submit a self-assessment tax return? Is that £1000? 4) I occasionally receive honorariums from other academic institutions for undertaking work (such as examining PhD dissertations -- like £75) do I need to count this as income towards that £1000 (or whatever the answer to number 3 is)? 5) Is the same true for expenses where I have submitted receipts to a third party (sometimes not based in the UK) who are then refunding cost of travel/accommodation into my bank account but aren't actually paying me for my time? Do I have to submit anything such as the receipts anywhere to avoid this being considered income? Many thanks for any advice. -James