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A Taxing Question

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Offline SteeBee
10 Aug 2016, 09:27 AM | Post: #1

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A Taxing Question

I am looking for advice WRT the amazon 'tax interview'. Given that I live in the UK & am self publishing (as an individual as opposed to a company) will it suffice for me to provide my national insurance number instead of applying for an EIN? 

I've found only conflicting reports on the net so I ask those here who have gone through the process before me.

Just another point does anyone think getting a cheque is better than EFT when it comes to being paid royalties (I already know about the £100 threshold).

Tanks in advance
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Offline lyndawrites Reading The Twopenny-Hat Detective by Brian Sellars
11 Aug 2016, 03:12 AM | Post: #2

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RE: A Taxing Question

Hi, SteeBee.

I once spent nearly an hour hanging on the end of a very expensive phone call to the States in order to get an EIN from the IRS. Nowadays I use my NI number - and have (touch wood) never had a problem.

As to your other question, no, I don't think a cheque is preferable to EFT (and I thought they'd gotten rid of the 100 dollar threshold, but it's a long time since I checked), You will lose most of the value of any cheque in bank charges and exchange rates and, although you will still pay the latter with EFT, the rate isn't as bad.

Good luck.
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Offline SteeBee
11 Aug 2016, 09:37 PM | Post: #3

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RE: A Taxing Question

Thank you Lynda.
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Offline Tim_A Reading strictly murder by Lynda Wilcox
12 Aug 2016, 08:40 AM | Post: #4

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RE: A Taxing Question

I'm pretty sure it's your HMRC tax reference, not your NI number, but it's just a matter of filling in the form. You'll have to do it for any other vendors you sell through, as well as Amazon. EINs are only available to companies these days.

I would never consider a cheque if EFT is available - too slow, and expensive in charges.
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Offline SteeBee
23 Aug 2016, 12:29 PM | Post: #5

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RE: A Taxing Question

I have just completed the 'tax interview' & my NI number was accepted. I was informed that the US tax withholding rate was 0%.
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Offline M.Ali Reading Harry Potter and the Philosopher's Stone - J.K. Rowling
26 Aug 2016, 02:24 PM | Post: #6

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RE: A Taxing Question

This post was last modified: 26 Aug 2016 02:25 PM by M.Ali.
(12 Aug 2016 08:40 AM)Tim_A Wrote: Wrote:  I'm pretty sure it's your HMRC tax reference not your NI number, but it's just a matter of filling in the form.


This is what I thought and this is what I used. So far all good, haven't heard anything else from them.

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