Taxpayer has received around £100 of royalty income per year from a book written years ago. The taxpayer has not been in self-assessment for several years.
Basic rate taxpayer due to pension income (taxed via PAYE)
Previous adviser had taken the view that a few expenses could be offset against this which would have reduced untaxed income to zero but the taxpayer has now stated there are no expenses and it is passive income.
Is there any justification for general expenses such as a couple of pounds a week for home office which could save this taxpayer the need to do a tax return?! There must be at least some admin involved in dealing with the payments!
Has anyone had any similar issue where they have managed to get this taxed via the PAYE system, like you can do with small amounts of property income?
Thanks in advance!
Replies (4)
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ask HMRC
Just phone HMRC & explain that it is £100 per annum & ask them to code it, this is assuming that your client has sufficient PAYE income.