Hello, I am an academic and I have a query about the income I gained from acting as an editor for a journal and also as a reviewer for a foreign grant. I would like to know how to report these transactions in my self-assessment.
As the editor of the journal I received two transfers into my UK account (directly in £s) ~= £3000
I also acted as the reviewer for a grant for a research organisation based in Europe. The compensation came as a foreign transfer into £s into my UK account. ~£1200 after the conversion.
Any advice would be helpful.