Art Business Info: NEWS
about art for artists
IF - in addition to employment income you earn - you earn (or aim to earn) more than £10,000 per annum from your self-employment you need to be aware that "Making Tax Digital" (MTD) is becoming MANDATORY for
DO NOT DELAY checking out what this means!!
What you need to know
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
The extension of scope of Making Tax Digital relevant to other groups was originally deferred after representations following initial announcement of HMRC's intentions - to make sure the system worked before it was rolled out to smaller businesses.
KEY POINTS AND TIMELINES as at July 2020
as per the Overview of Making Tax Digital.
Key points are:
Besides references to paperwork in the HMRC website above,
The UK Government this week launched a new campaign to help businesses and individuals prepare for the end of the Transition period - out of the EU - on 31 December 2020.
This is a video published by the Cabinet Office.
There is a new page on the Gov.Uk website for the UK Transition
i.e. all matters relating to the transition period after the UK leaves the European Union on 31 December 2020.
If you need to keep up to date with matters relating to the transition out of the EU I suggest you sign up for the regular updates - which can be personalised to your interests
Answer a few questions to get a personalised list of actions for you, your family, and your business. Then sign up for emails to get updates when things change.
The information contained on the Transition webpage is particularly relevant to ALL ARTISTS who:
From 1 January 2021 you will need to make customs declarations to move goods into and out of the EU. You should:
Once I've read through the information I shall be
Below are two NEW very simple videos (by HMRC) about importing and exporting goods to and from the UK. These are the current rules relating to all countries outside the EU - but will also apply to the EU from 1 January 2021.
Note that the UK government plans to introduce import controls on EU goods at the border after the transition period ends on 31 December 2020.
Wanting to find out about the business side of art?
Art Business Info. News for Artists
Successful artists 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
Art Biz Blog (Alyson Stanfield)
ArtBusiness.com (Alan Bamberger)
Art Business News
Art Marketing News (Barney Davey)
ArtPromotivate - Tips
Artsy Shark (Carolyn Edlund)
Be Smart about Art (Susan Mumford)
Fine Art Views (Clint Watson)
Laura C George
Professional Artist - News
Right Brain Rock Star - no longer publishing
Savvy Painter Podcasts
The Abundant Artist (Cory Huff)
The Art Law Blog
The Clarion List - Blog
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1) Content and the law change all the time. It's impossible to keep up with it if you're not working on the topic full time.
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