Affiliate Earnings & Tax Query
Hi all
I am experiencing my first success within affiliate/CPA marketing now. I am in the United Kingdom but I am working primarily with the major US/CA networks - ClickBooth etc. These networks have asked for tax information, so provided them with a w8 form with my foreign tax identifying number.
So just had a question about how tax comes into affiliate earnings and its significance. I have set myself up as self-assessment with HMRC in the UK but read unless you set yourself up as a LLC or something your tax rate is significantly higher otherwise.
Further, as my earnings fluctuate a lot at the moment from high to low just wondering how that accounts toward tax. I do self-employed work which generates a static income per month but as said affiliate earnings are random.
Do I just need to get an accountant? I'm new to payin tax so no idea how it all works in this realm!
I am experiencing my first success within affiliate/CPA marketing now. I am in the United Kingdom but I am working primarily with the major US/CA networks - ClickBooth etc. These networks have asked for tax information, so provided them with a w8 form with my foreign tax identifying number.
So just had a question about how tax comes into affiliate earnings and its significance. I have set myself up as self-assessment with HMRC in the UK but read unless you set yourself up as a LLC or something your tax rate is significantly higher otherwise.
Further, as my earnings fluctuate a lot at the moment from high to low just wondering how that accounts toward tax. I do self-employed work which generates a static income per month but as said affiliate earnings are random.
Do I just need to get an accountant? I'm new to payin tax so no idea how it all works in this realm!
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