twitch donations are the taxable in the uk

[dragonmew]

ive recieved this month over £200 of donations on twitch is this taxable in the UK or can yo uhave so much money before you get taxed, as ive never made this much money online before

[PayPal_Arda]

Hi dragonmew,

Welcome to PayPal UK community page. 🙂

This is a great question .Thank you for this questions. I would like to explain this. PayPal’s main business is the issuance of E-money and the provision of services closely related to the issuance of E-money. A description of the main characteristics of the PayPal Service is set out in the Key Payment and Service Information document which is accessible via the Legal Agreements link of each page of the PayPal website(s). Therefore, we treat our services to you as within the scope of the financial services exemption from VAT. You may still need to confirm in your own jurisdiction whether the same VAT treatment applies to the receipt of e-money account services from a European financial services provider.

I hope this info helps. Have great day.

Arda