Tax

ChrisJT965
ChrisJT965 Posts: 4 researcher rank
in First-time course creation

Hello,

I've seen a few queries on this on here but no conclusive answers as yet.

I'm UK based.
Do I pay tax to the US and UK government?
Going through Payoneer, I think.

Thanks for any help!
Chris

Comments

  • PhillipBurton
    PhillipBurton Posts: 395 visionary rank

    Dear Chris,

    If you have set up your W8 correctly, the US withholding tax should be 0%.

    For more details about the W8 from a UK perspective, please see https://caseron.co.uk/how-to-complete-a-w-8ben-e-form/ . I paid them to help me fill out the W8 form - so it might be beneficial for you to do so as well.

    Phillip

  • ChrisJT965
    ChrisJT965 Posts: 4 researcher rank

    Thank you @PhillipBurton

  • ChrisJT965
    ChrisJT965 Posts: 4 researcher rank

    One more @PhillipBurton
    , if I'm not pushing my luck.......I wonder, is this a process I can get started right now?

    ie. I don't plan to upload my course videos for a few months, but I'd like to get the tax docs in order, well beforehand.

    (btw - I took your advice and reached out to Caseron.co.uk.......just waiting on a reply)

    Chris

  • MelanieStevens183
    MelanieStevens183 Posts: 52 storyteller rank

    Hi Chris, and Udemy people!

    I'm also stuck on this...

    I've completed the W8 form and set all of that up with Udemy. I can see some tax is being withheld from my US students, so I can see that the US side of things is being paid.

    But I'm a UK resident and I'm self-employed. In the UK, we need to declare all our earnings and then pay 20% tax on them in a self-declaration document. Do I need to do this with all of my Udemy earnings, when I receive them through Payoneer?

    Thank you!

  • PhillipBurton
    PhillipBurton Posts: 395 visionary rank

    Hi Melanie,

    You would need to pay UK tax, as with any other source of income. If you are claiming it as self-employment, then you would need to add it to your Self Assessment form (and potentially pay National Insurance as well).

    If you don't have a 0% rate, then you may be able to get some relief on the US tax - see https://www.gov.uk/tax-foreign-income/taxed-twice for details.

    Phillip

  • MelanieStevens183
    MelanieStevens183 Posts: 52 storyteller rank

    Fantastic, thank you for your quick reply!

  • Digitalrooms
    Digitalrooms Posts: 48 traveler rank

    Yes, that will be counted on withholding depending on your overall earning such as investment , earning from different sources . You can submit forms in order submit other investment details.

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