One-off speaking opportunity while employed

[turiddu89]

Hello!

I am currently employed and have recently been invited to participate as a guest speaker at an event, which is a role outside of my regular employment duties. The organizers have requested that I invoice them for my speaking fee of £200. I have two questions regarding this:

1. Is it possible for me to issue an invoice for this service without being registered as a company or a sole trader?
2. How should I declare this income to HMRC? I'm aware of the £1000 trading allowance that applies to additional income per fiscal year, suggesting I might not need to declare this payment if it's the only extra income I receive beyond my salary. Could you confirm if this understanding is correct or if there are specific steps I need to follow?

I appreciate your guidance on how to proceed in this situation, ensuring compliance with tax regulations.

Thank you!

 

[Scalloway]

1. Yes
2. If this is the only non PAYE income you have in the tax year then you do not need to do any more about it.

 

[MyAccountantOnline]

To add to Scalloways reply above this explains in detail how the Trading Allowance works -

Tax-free allowances on property and trading income

Find out about annual tax-free allowances for property or trading income and if you qualify.

www.gov.uk

 

[turiddu89]

Thank you for your help. What info shall I include in the invoice to be 'compliant'? Sorry for the silly questions but I have never done it before...

 

[MyAccountantOnline]

Thank you for your help. What info shall I include in the invoice to be 'compliant'? Sorry for the silly questions but I have never done it before...

It's really not a silly question at all.

I'd show your name and address, the date, the customer/client name and address, details of what you are charging for and the amount being charged. You can also add your bank details so that you can be paid by bank transfer if applicable.

 

[turiddu89]

It's really not a silly question at all.

I'd show your name and address, the date, the customer/client name and address, details of what you are charging for and the amount being charged. You can also add your bank details so that you can be paid by bank transfer if applicable.

thank you!!

 

[eteb3]

Invoicing and taking payment from customers

Invoicing and taking payment from customers, what invoices must include, VAT invoices, sole trader invoices, limited company invoices, payment options, charging for late payment, chargebacks

www.gov.uk

For “unique identification number” you can use ddmmyy01