UK Tax Returns 2014-15 - deadline 31 January 2016
Artists in the UK who are just now remembering they need to complete their Self-Assessment tax returns for their self-employed income by 31 January may find my Tax Tips for Artists page useful.
This includes three sections of particular relevance to UK artists:
Digital Tax accounts and quarterly reporting
Tax Tips for Artists has recently been updated with some outline information about the proposed new digital tax account and quarterly reporting for all those having a turnover in excess of £10,000 p.a.
Making tax digital (pdf) is the formal paper setting out what changes the government proposes to introduce and how it will work. Consultation on the proposals is occurring at present so nothing as yet is set in stone.
I'll be writing more about this in future.
If you want to stay in touch with updates about art business matters generally and digital tax accounting and quarterly reporting in particular please subscribe to this blog.
About Business News for Artists
To become a successful artist you need to get on top of the business side of being an artist.
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Katherine Tyrrell writes about art, artists and the art business and has followers all over the world. She also delivers workshops for art organisations and reviews websites and career strategies for artists.
Art Business Blogs
This website provides a compendium of resources about the art business for artists.
It helps artists learn how to do better at being business-like, marketing and selling art and looking after their financial security.
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