Many musicians have variable income from gigs, royalties, and teaching - so how does MTD handle that? This video looks at how HMRC will work with fluctuating income and what to watch out for.
Check out our MTD Resource Hub: vist.ly/4cy8z
#selfemployedmusician #musicianstaxadvisor #digitaltax
Yes - but it’s changing. Under MTD-ITSA, your accountant can still file on your behalf, but they’ll need access to your digital records. Here’s how it will work moving forward.
Check out our MTD Resource Hub: vist.ly/4bbcx
#selfemployedmusician #musicianstaxadvisor #digitaltax #incometax
Freelance musicians: Don’t get caught by the VAT trap! HMRC checks your rolling 12-month turnover, not just April–April. Go over £90k in any 12 months & you must register. Track monthly to stay on top!
#VATformusicians #musicianstaxadvisor #freelancemusician
VAT & Music Hire: here’s what you need to know!
👉 Read the full blog: vist.ly/4arr8
#musicianstaxadvisor #VATformusicians #musicianstax #musicbiz #musicianslife #musicbusiness #freelancemusician
We get it - MTD can sound overwhelming. But there are actually some upsides! In this video, we share the positive changes MTD might bring to musicians and creative professionals.
Check out our MTD Resource Hub: vist.ly/4ah4g
#selfemployedmusician #musicianstaxadvisor #digitaltax #incometax
🎶 Peri music teachers: Even though schools now add VAT to fees, your lessons remain VAT-exempt if you’re teaching directly (1:1, groups, choirs, bands, ensembles). No need to add VAT to your invoices!
#musicianstaxadvisor #musicteacher #VATformusicians
You don’t have to wait until MTD is mandatory to get started. In fact, preparing now can save you stress later. Here's how musicians can take simple steps today to be MTD-ready.
Check out our MTD Resource Hub: vist.ly/48unx
#musicianstaxadvisor #digitaltax #incometax
MTD rules say you must keep digital records - but what doesn’t count as digital in HMRC’s eyes? In this video, we clear up the confusion and explain what to avoid.
Check out our MTD Resource Hub: vist.ly/474ia
#selfemployedmusician #musicianstaxadvisor #digitaltax #incometax
Not all MTD software is created equal - and not every tool will suit musicians or creatives. Here’s what to look out for when choosing MTD-compliant software, and what to avoid.
Check out our MTD Resource Hub: vist.ly/46abe
#selfemployedmusician #musicianstaxadvisor #digitaltax #incometax
Wondering if HMRC will offer their own free software for MTD? Here's the latest on HMRC's position, what they do provide, and why most musicians will need to choose their own tool.
Check out our MTD Resource Hub: vist.ly/45g3d
#musicianstaxadvisor #digitaltax #incometax
What actually changes under MTD when you work with an accountant? 🤔
We break it down for musicians navigating the new rules.
🔗 vist.ly/3n8wnjs
#MTD #MusicBusiness #MusiciansTaxAdvisor
New SAAS subscription?
Don’t forget to add your UK VAT number! 🧾
It helps apply the reverse charge correctly, avoids invoice fixes later, and saves admin time - especially for touring & production tools. A small step, big impact.
#VATTips #MusiciansTaxAdvisor
MTD for ITSA is coming - but do music students need to register yet? 🎻
Here's a quick recap of what we shared with Royal Academy of Music students, including who’s affected and when.
#MTDforITSA #MusicStudents #MusiciansTaxAdvisor
🔗 vist.ly/3n8c7xm
Will your per diems be taxed? 🤔 Usually not - but if they’re bundled into your fee, they might be. Keep them listed separately in your contract and ask your promoter what’s being withheld. Clarity upfront = fewer surprises later! #musicianstaxadvisor #touringtips
Have a tax conundrum that’s specific to the music industry? 🎶 Give us a shout - we might just have the answer.
#musicianslife #musicindustry #taxadvice #freelancemusician #moneytips #taxexempt #orchestralife #creativebusiness #musicianstaxadvisor
VAT on Royalties: What Musicians Need to Know!
If you're receiving royalty payments from PRS, MCPS, PPL, or other neighbouring rights, you’ve probably wondered about VAT treatment.
#musicianstaxadvisor #musicianroyalties #taxadviceformusicians
Orchestra Tax Relief can be a tricky topic, but understanding a few key points can make all the difference! Here are 3 essential takeaways to help clear up some confusion...
#orchestratax #taxrelief #musicianfinance #orchestraleaders #taxadvice #musicianstax #financialclarity #musicianstaxadvisor
