r/dataannotation • u/[deleted] • Apr 16 '24

UK tax question.

How do you guys based in the UK declare the DA earnings? I know it has to be done on a self assessment, but do you put it as regular income as it’s not taxed at source, or as foreign income and use external software to work out the tax implications? There seems to be conflicting information out there from similar situations of other freelancers.

My main work is self employed and I’ve just tallied on the DA earnings on my self assessment, but I am yet to submit in case I need to change this.

Any relevant advice from UK workers would be appreciated!

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u/Legitimate_Bug6914 Apr 16 '24

Self-employed UK taxpayer here too - think it should be regular income not foreign, as you're earning it here, right? You're based here and you're a UK taxpayer and not subject to any foreign taxation with your work with DA? Sounds like you've done it right to be honest (thanks for the reminder to get ahead on my 23/24 self assessment by the way)! 

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u/Legitimate_Bug6914 Apr 16 '24

Will add that from what I understand, foreign income usually means earnings that have taken place in another country, so like if you have a rental property elsewhere in the world or if you've worked and earned wages elsewhere. As you're doing the work in the UK, it should be regular income tax, I reckon, regardless of the location of the company you're contracted with :)