Adsense and being a Child
YouTube invited me to advertise on my videos, but to do this I need a Paypal account and an Adsense account, both of which require me to be over 18 (I'm not) in order to enter the necessary legal contract.
Has anyone else had this problem and found it as annoying and ridiculous as I have? Any ideas to (legally!) circumvent the issue? I could get my parents to do it, but then I have to wait for them to read to ToS and then the ad money gets taxed on top of their incomes...
Also, are there any additional taxation concerns when the money is paid from the US to the UK?
Has anyone else had this problem and found it as annoying and ridiculous as I have? Any ideas to (legally!) circumvent the issue? I could get my parents to do it, but then I have to wait for them to read to ToS and then the ad money gets taxed on top of their incomes...
Also, are there any additional taxation concerns when the money is paid from the US to the UK?
| Any ideas to (legally!) circumvent the issue? |
| Also, are there any additional taxation concerns when the money is paid from the US to the UK? |
If your parents try to play that "We don't want to have to pay the taxes on it blah blah" BS then have them look into how short term investments like CDs\Bonds work over there in the UK. I know here in the US they can buy these for you and taxes on them aren't paid until they mature and are withdrawn. In the US since they bought them as an investment for you they can put this in on the long tax return form (1040) and that money spent on the bonds is then not counted as part of their income. Then when the bonds mature and you take the money out the taxes get paid by YOU, likely at a lower income level, and therefore a lower tax bracket, then what your parents would had to have paid if they just took the money for you and handed it over. This last sentence is based 100% in US tax law and may have some inaccuracies; it also assums that A.) Both of your parents work and B.) You are either single or the sole provider of income when these bonds mature and you cash them.
The most obvious draw back here is that the money is not immediatly available to you but if you don't mind waiting a bit longer, and if the interest rate looks attractive enough you may not care. I just thought I'd put this out there because you mentioned the tax thing.
EDIT: I can't believe I forgot to congratulate you on the success of your YouTube videos by the way. I'm sure that Google doesn't offer this to every joker with a channel so you must be doing pretty well.
The most obvious draw back here is that the money is not immediatly available to you but if you don't mind waiting a bit longer, and if the interest rate looks attractive enough you may not care. I just thought I'd put this out there because you mentioned the tax thing.
EDIT: I can't believe I forgot to congratulate you on the success of your YouTube videos by the way. I'm sure that Google doesn't offer this to every joker with a channel so you must be doing pretty well.
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Thanks for the advice every one.
@Disch I understand your point, and don't want to annoy my viewers, but on the other hand, I have rather too many expensive hobbies...
@Computergeek They weren't saying that, I just thought if it were on top of their income, there would be more tax to pay. I should be able to discover the details of the tax situation in this country as my dad works for the tax service. It's just a matter of pinning him down (not literally =P) and getting some answers out of him.
Anyway, I now have more immediate concerns as I need to acquire permission from the developers of Code::Blocks (and possibly trade mark owners of Ubuntu) to use visuals of their software for commercial purposes. I don't imagine this will happen, so I guess I'm stuck regardless of having an AdSense account.
@Disch I understand your point, and don't want to annoy my viewers, but on the other hand, I have rather too many expensive hobbies...
@Computergeek They weren't saying that, I just thought if it were on top of their income, there would be more tax to pay. I should be able to discover the details of the tax situation in this country as my dad works for the tax service. It's just a matter of pinning him down (not literally =P) and getting some answers out of him.
Anyway, I now have more immediate concerns as I need to acquire permission from the developers of Code::Blocks (and possibly trade mark owners of Ubuntu) to use visuals of their software for commercial purposes. I don't imagine this will happen, so I guess I'm stuck regardless of having an AdSense account.
Making a video that displays the output of a program and shows ads isn't a commercial purpose, AFAIK. Selling that video might be.
I really doubt Canonical or Code::Blocks' developers will care. Ask them anyway.
As for your concerns about taxes, how much will your ad money come to, yearly?
http://www.hmrc.gov.uk/incometax/basics.htm#6
As long as your parents' incomes are far enough from the next tax band to accomodate your ad revenue, it shouldn't make a difference, since the percentage doesn't change. They pay the same amount of tax. It's only if you bring them over to the next band that it's a problem.
As for your concerns about taxes, how much will your ad money come to, yearly?
http://www.hmrc.gov.uk/incometax/basics.htm#6
As long as your parents' incomes are far enough from the next tax band to accomodate your ad revenue, it shouldn't make a difference, since the percentage doesn't change. They pay the same amount of tax. It's only if you bring them over to the next band that it's a problem.
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| Making a video that displays the output of a program and shows ads isn't a commercial purpose, AFAIK. Selling that video might be. |
According to YouTube, I need written permission for software visuals. I had hoped that the software license might constitute this written permission, but it looks like it probably doesn't.
I've already asked Canonical and am waiting for a reply. As for Code::Blocks, I'm talking to them on the forum and I'll see how it goes :)
You mean those locked-on-720p one minute ADs that makes slow internet connections scream in agony?
That's not most YouTube ads is it? If I have any control over it, I shall certainly stick to short skippable ads or the ones which pop up inside the video window. Those aren't really so bad - they are so relevant (to my search history :O) that I sometimes even click on them!
Your ads will either be the skippable ones that play before the video (for like 5 seconds and then a "skip this ad" button appears"), the ones that appear during the video (with an 'x' button to close) or the banner ones that go next to the video. You can't get rid of them (except with an ad blocker) but they don't obstruct the video. I think the second kind are best because you can close them straight away.
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