Hopefully we’re not the first people to tell you what day the 31st of January is (and for all you football fans out there, we’re not talking about transfer deadline day!).   So, if you’re sat with a smug look on your face knowing that you’ve already filed your tax return, or if you’re going … Continue reading “The Perfect Tax Return Deadline Tonic”

You’ve just taken a call from your agent: they booked an audition for you, but unfortunately the venue is across the country, and your train ticket is expensive. It’s an early start so you need to book a hotel room too. You warily add up your expenses………   This is an all too familiar situation. … Continue reading “Actors Tax Deductible Expenses – What You Can Claim To Reduce Your Tax”

From the 6 April 2017, a trade and property allowance was introduced for individuals. If you have both types of income, you’ll get a £1,000 allowance for each. Trading Allowance The £1,000 trading allowance is an annual tax exemption for individuals with income from self-employment such as selling items on Etsy and eBay. If you’re … Continue reading “£1,000 Tax Free Trading And Property Allowance”

You are right to worry about the authenticity of a text or email you have received from HMRC. Over the years there has been a sharp increase in the amount of scam email and texts that are being sent out. The best rule to remember is that HM Revenue & Customs will never contact you … Continue reading “HMRC Have Sent Me A Tax Repayment Email. Is It Genuine?”

Many self-employed actors and other creatives starting out in their career will also have a part-time job to pay the bills. It is important to make sure that you are paid the National Minimum Wage and National Living Wage depending on their age. The National Minimum Wage is the minimum hourly pay most workers are entitled to be … Continue reading “National Minimum Wage & National Living Wage Increases from 1 April 2017”

From 6 April 2015 an individual can elect to transfer 10% of their personal allowance (£1,100 for 2016/17) to their spouse or civil partner. The legislation calls this the ‘transferable tax allowance’ but it is more commonly referred to as the ‘marriage allowance’. The transferee’s personal allowance is reduced by the amount ‘transferred’ In order … Continue reading “What Is The Marriage Allowance?”

It’s a well and good submitting your Self Assessment tax return on time, but you still have to make sure your pay your tax bill by the deadline to avoid interest and surcharges. The deadlines for paying your tax liability are: 31st January for tax that you owe for the previous year and your first … Continue reading “How do I pay my 31 January Self Assessment Tax Liability?”

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