Being a YouTube Partner - What tax do I fall under?

Oyinbo Nwunye Cooking

Oyinbo Nwunye Cooking

Member
Hi guys, I want to ask you technical question about the tax and the technical side of income on YouTube (Through AdSense, I also have a websites associated). When do I register myself as self-employed and what type of tax should I be paying? Do I fall under normal individual income tax or there is another rate for "artists" "publishers" and else? In Poland, where I live right now, I ve heard there is special tax rate for "artists" and it was extremely low, but I am not sure if I fall under that cathegory. So as I said, I am in Poland right now, but planning on moving to the UK or The Isle of Man (Corporate tax in the Isle of Man is 0%). So now which of these countries profits me more as YouTube Partner?

The second part of this tread is probably written in many places on this forum, but if this does not bother you, please don't mind and type it once again here - what is the name, where from do I get it, how do I fill it and where do I send it - the application of changing taxation country while publishing out of the US. I was told, if I do not fill the form, the money I earn on YT and my Website will be charged in the U.S before even being send to me, then taxed again in my country, as I suppose pay my tax by myself of income. So how do I avoid paying tax in the U.S and only be taxed in the country of publishing?

Thanks for all your effort in advance!

Greets,

K. Obidike
 
I dont think you will be paying corporation tax as an individual unless I am mistaken. You are responsible for paying tax on self employed earnings and reporting them based upon the rules where you live. If you end up in England you can register on the HMRC website for self assessment.
 
Michael said:
I dont think you will be paying corporation tax as an individual unless I am mistaken. You are responsible for paying tax on self employed earnings and reporting them based upon the rules where you live. If you end up in England you can register on the HMRC website for self assessment.
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I had to pay taxes as self employed. It sucks, I think it's 20% or 25%, plus the earnings get taxed again from my total annual earnings. Last year I was bumped to the next tax bracket by my online earnings which REALLY sucked. I pretty much chalk it up to only being able to keep 60% of what I get paid. Damn the IRS! I write off all my camera equipment and anything I use even if I only use it for one video.
 
Munchito696 said:
I had to pay taxes as self employed. It sucks, I think it's 20% or 25%, plus the earnings get taxed again from my total annual earnings. Last year I was bumped to the next tax bracket by my online earnings which REALLY sucked. I pretty much chalk it up to only being able to keep 60% of what I get paid. Damn the IRS! I write off all my camera equipment and anything I use even if I only use it for one video.
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Lol good on you :D I do the same, if I take a bus to pick up some new equipment it is a business expense and I keep that ticket :D
 
Ok, thanks for your replies. Now, when do I register myself as self employed? And the U.S Tax form - where do I get it from and how do I fill and where do I send it?
 
If you make small amount of money,take the risk by not paying tax.
But,for big amounts you MUST pay tax...They will catch you.
 
That is my question. When is the right moment of registering self employment? Is there any particular amount of money or is it about the tax-free amount by countries? For example it is only 3000 and something in my country of tax-free amount. Does that mean I do not need to register until I start making this kind of money?

And why do you say I do not need the U.S tax form, I ve heard about it, that I need to send the form, which says I am going to pay taxes in my own country, which will make the U.S to not tax my income at all.
 
With Adsense living in the UK you dont need to any tax forms from Adsense. Are you with a network? I know some networks require people to sign a W8BEN form.

In England you need to register for self assessment once you start trading or in other words as soon as your money hits your bank account. There can be penalties for not doing so. Everyone in the country is entitled to personal allowance of roughly £10,000 but you still need to do book keeping and do your self assessment even if you dont make that much.
 
Thanks, is the 10,000 for a month or a year?

I am not with any network, in what does network help? are they responsible for managing my adsense? I ve tried to set up adsense well but according to all the tutotrials I ve seen it is too difficult for me. I would need to be shown by a particulat person being right next to me and explaining it step by step. Can you tell me what is the network all about and how does it help me?
 
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