I've decided to take a break from streaming. I could really do with extra time for myself. I was expecting to feel sad over stepping back but I wasn't expecting to feel so relieved....
@HMRCcustomers Ah okay, that clarifies things very well then. So even though I'm resident in the UK, I received payment in USD and euros, but because its lower than one thousand I can apply to have my self assessment withdrawn? Apologies, just for clarity.
@HMRCcustomers Hi Steve,
I am a bit confused. I made less than 1000 pounds from a hobby. However, I received these payments in both USD and euros. The amount is less than 1 thousand, so I shouldn't have to declare but the foreign income section here says I do. It seems to assume I make more.
@HMRCcustomers Hi Steve,
After currency exchange using todays rates. the amount comes to around 700 pounds. How would I go about asking for the return to be removed?
@HMRCcustomers Hi Tom,
It was in Nov and Dec 2022 for the USD. However, the rest of the money I received was in Euros. Payments of the euros ranged from May 22 until February 23.
@HMRCcustomers It is subscription payments I have received from a streaming platform. Granted, my overall income is still below one thousand pounds. However, I want to make sure I calculate the exchange correctly so I can make an accurate return.