Dear sir,
I am working in a small orgaisation and my husband is unemployed.
As we have a high mortgage and we don't get any benefits as we are not british.
We have rent a room in our house, do we have to pay tax on the rent income this rent income is 280 pounds. Also i wanted to know the lodger transfers the money online , will in future bank or the HMRC will question about that money and ask about the tax. What do we need to do.
In that case is it better to take cash.
Please give your valuable suggestions.
Thanks
sunny