Hi,
I'm wondering If I get paid from a contest win, do I need to declare it for tax as income?
Hoping someone can shed some light as I don't want to have a tax bill in the future.
Thanks
Contest wins
Hi,
I'm wondering If I get paid from a contest win, do I need to declare it for tax as income?
Hoping...
&nsbp;
#2
stubie2
-
- Designer
- 5 posts
Junior Member
Posted 12 July 2013 - 03:10 PM
I think it depends where you're from, or where you're living. In the UK I believe you have to pay tax on it, if you're over the personal allowance. Normally, competition wins are exempt unless they require a level of skill which these contests obviously do. Best to check with your tax office though.
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users
