Hi I’ve been affiliate marketing online for about about 2 years now. When I first started I was only making around £50-£100 per month to supplement my other job, so I didn’t even think about taxes.
I went full time last month and I’m now earning £1,500+ per month.
I’ll be honest, I don’t have a clue when it comes to taxes. I realise that affiliate marketing revenue is taxable income, I just don’t know how to go about paying it.
What steps should I take now to ensure I don’t get in trouble?
Thank you.
Categorized | Affiliate Marketing Tools
How Do I Tax My Income? I’m An Affiliate Marketer.?
Posted on July 9, 2010.
http://answers.yahoo.com/question/index;…
You’re probably now classed as self-employed (do you get gross salary (untaxed at source)?) so I should go to the HM Revenue & Customs (HMRC) website (see links below) and you may be able to sort out your tax liabilities online.
Or consult a good accountant!