Art Business Info: NEWS
about art for artists
Reader's question #1: Are taxes the same for all income - and what about travel expenses?
Two questions from a reader:
Are taxes the same for all different sources of income?
In the UK, the answer is ALL INCOME is liable to tax assessment - no matter how you earn it.
In fact, my P60 (for my pension) has a neat quote in it which I've added into the HMRC section of Tax Tips for Artists.
By law you are required to tell HM Revenue & Customs about any income that is not fully taxed, even if you are not sent a tax return.
Can I deduct my travel expenses from my income before tax?
Whether you can claim travel expenses depends on how you earn your income
You may not be aware but many artists do NOT just earn income from sales of their paintings.
Very many professional artists who also teach earn income:
The issue of whether or not you can claim travel expenses relates to whether or not you are a sole trader and wholly responsible for all your actions.
So for example, (in the UK) if you are an employee with a contract of employment and what you do is dictated by others (eg you teach a set curriculum); you are managed and assessed as to competence by others and paid on a monthly basis - then you can't claim home to work travel expenses.
That's because you are the same as every other employee in the UK - and employees can't claim home to work (and back again) expenses as a business expense.
However if you are completely freelance and have a number of different people who hire you to teach art and/or you deliver your own workshops at different venues you hire around the country - then you are self-employed and you can then claim your travel expenses.
Basic principles: you can only claim travel expenses:
Note: This article is intended to be for general information and is should not be relied on as definitive tax advice. It's your responsibility to check the rules for the country where you live and work and the relevant tax year. The tax rules may be similar or they may be different.
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.
Do you want to:
Visitors so far
No. of visitors since April 2015:
and receive every post via email. (Your subscription is only activated after you verify the link in the email you will receive)
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
ABOUT ART BUSINESS INFO. FOR ARTISTS
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.
If you've got any suggestions for what you'd like to see on this website please send me your suggestion
1) Content and the law change all the time.
2) Given the size and scope of this site I do NOT warrant that
3) This website is free for you but not for me. Links to books are Amazon Affiliate links. Buying a book via this website means I get a very small payment which helps to fund and maintain this website. .I much appreciate any support your provide. Adverts are provided by Google AdSense - but the adverts do not mean I endorse the advertiser.