I live in the UK. Last month I have received my first income £74 from adsense. Do I need to register as a self employed? Do I need to pay tax for this small income? I have a very little knowledge on tax process, if anyone could tell me details about the tax I will be grateful. I am also doing a full time job in a company on the PAYE scheme and I have NI number.
for that kind of money, I would just stay low and keep on going, but off course if it ever increases to $xxx every month, you better pay taxes on it.
I think you only need to register as self employed in UK if you earn over £5k a year, check it out on one of the governments sites?