They’re very open about it, they hope the word gets out so that it pushes people into declaring, well that’s the theory
who LEGIT makes passive income?
- Thread starter ozaudio
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Sounds like a plan. Should work for them.
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So the only people making genuine passive income are the government?
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Wait till you need to verify your address by before an account is made they send a letter to your registered house with a verification code.
I’ve done a job for a music writer/composer before, he gets a payment twice yearly for the work he puts out there. He said it’s exciting as he has no idea how well anything has done, he did exceptionally well one year as one of his tunes was used in a TV advert in somewhere like Sweden and another snippet was used in Big Brother.
I also know a designer who‘s work is heavily used on Moonpig, one of her artistic creations was also used on some Jigsaw puzzle. If they both sat with their feet up now I would say that’s the perfect idea of passive income
I also know a designer who‘s work is heavily used on Moonpig, one of her artistic creations was also used on some Jigsaw puzzle. If they both sat with their feet up now I would say that’s the perfect idea of passive income
Man of Honour
Of course. We both do a SA, even my wife who isn't earning that much, it maximises our pension as well. And makes sure we get the right tax codes etc... This year I got a cheque for £1700ish from the HMRC as a result.
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The label given at the start sucks.
If it was called low effort income it would sort it all out.
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Of course. We both do a SA, even my wife who isn't earning that much, it maximises our pension as well. And makes sure we get the right tax codes etc... This year I got a cheque for £1700ish from the HMRC as a result.
It was just a general statement and was a joke.
Didn't need to say. It's a private thing and no concern of anyone else on this forum.
Man of Honour
ah apologies. But it's important to state - if you don't do it you can be liable for a lot of tax to pay!It was just a general statement and was a joke.
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ah apologies. But it's important to state - if you don't do it you can be liable for a lot of tax to pay!
ofc HMRC moving forward is going to make sure anyone with a sideline gets caught out. They after everybody.
Man of Honour
Shame they don't put more effort on the tax evading billionaires!
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They know that would be a big battle. Easier to go for the little people.
Man of Honour
Big rewards though.....
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If they win. Their best mates are the ones at the top not the bottom.
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Mhm
Soldato
Dogs don't bite the hand that feeds or something like that!
Also these billionaires can afford the best lawyers in the world. Not worth it to HMRC as they spend more money in court than trying to get money back from them.
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