The pros and cons of registering for VAT

People in the film industry need to consider carefully whether or not it’s worth registering for VAT. For some, this isn’t an issue: if you’re self-employed and your taxable turnover is over £85,000 during a 12-month period, you must register. To fee or not to fee …. VAT is the question! Should people in the film industry register for VAT? People in the film industry need to consider carefully whether or not it’s worth registering for VAT. For some, this

A guide to musicians’ expenses

The excerpt below was the lament of the Kinks in the 1966 hit, ‘Sunny Afternoon’. But don’t let it happen to you! “The taxman’s taken all my dough…” A quick guide to expenses for musicians The excerpt above was the lament of the Kinks in the 1966 hit, ‘Sunny Afternoon’. But don’t let it happen to you! If you’re a self-employed musician, whether you’re a solo artist or part of a band, there are numerous expenses that you can claim