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Tax on Money Made Online through Surveys in the UK

It is a common misconception that money made online is tax-free. The truth is that you need to pay taxes on all your income, whether it is made in a traditional way or earned online. It is just that at most times the money you make online is less than the 'Personal Allowance'( a small amount earned in a year on which you do not have to pay tax). In this article I'll clear this misconception and provide links to help you gain a deeper insight on the subject. Paying Taxes on Money Made Online Defining Tax Investorwords define the word 'tax' as: “ A fee charged (levied) by a government on a product , income , or activity. ” [ 1] Who has to Pay Tax in the UK? The HM Revenue and Customs (HMRC) website states the criteria for paying taxes in a simple manner: “ If you work in the UK, you will usually have to pay Income Tax and National Insurance on your wages. How much you pay - and how you pay - depends on how much you earn, and wheth...

Making Money Online: Freelance Work

Who doesn’t want quick and easy money? We all do! With technology on our fingertips, we can use Internet to globally connect with anyone, anywhere. It is the one place where you could start earning money easily in the comfort of your own home and you could literally start doing so today. Freelance work through various websites on the internet helps you achieve this target much more easily. I am a full-time mum and despite having a degree in engineering, I prefer giving quality time to home and family. So, freelance work seems like an ideal choice for me. Writing is something I know I can do and do well, if I dare say so myself. That's why I chose to become a freelance writer, and am very happy with the flexibility and balance it had brough to my life.  I'm writing this blog post today to let you know it isn’t difficult at all to use your talents to make money online (esp. if you can’t spare much time to do a full time job) or if just want to earn some cash on top of you...