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,
Major update - art education and digital services
ABOUT VAT AND THE ART BUSINESS
Learn how and where to find out what you need to know about VAT for:
artists, art teachers, art exhibition and competition organisers, museums and galleries, and VAT on art supplied or sold by artists in UK and/or EU
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 Guide
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Being An Artist
Best Business Books For Artists
Fine Art Print
Health And Safety
How To Guides
How To Mat Artwork
How To Pack Art
How To Price Art
How To Sign
Legal Matters For Artists
Online Service Providers
Presentation Of Art
Press And Publicity
Print On Demand
Rules And Regulations
Sell Art From Home
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Summary Of Contents
Tax Tips For Artists
Terms And Conditions
Tips And Techniques
VAT For Artists
Videos For Artists
Websites For Artists
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