The Beatle’s song, ‘Taxman’, might suggest that they were paying 95% tax but fortunately, I don’t think you’ll need to worry about that! “There’s one for you, nineteen for me, ‘cos I’m the taxman” Developing a habit of putting money
Should you form a limited company?
Many people working in showbusiness are self-employed. However, there are occasions when it might make more sense to form a limited company. “Take it to the limit”? The pros and cons of forming a limited company Many people working in
The pros and cons of registering for VAT
People in the film industry need to consider carefully whether or not it’s worth registering for VAT. For some, this isn’t an issue: if you’re self-employed and your taxable turnover is over £85,000 during a 12-month period, you must register.
The dangers of a personal service company
In a well-publicised case, actor Robert Glenister recently found himself at the end of a lengthy battle with the taxman. In March, after nine years of legal wrangling, an Appeal court upheld a tax tribunal ruling and Robert lost the