Tax Tips for UK Authors

In case you need to know…

Guest Post's avatar

ratingsWe all know what it’s like to be a published author: six-figure advances, translation rights sales in forty countries, Spielberg himself calling your agent begging for a film deal. And yet that isn’t always the case. In fact, most writers feel a little hard done by when it comes to remuneration for their efforts. However, life could be a little easier, even for some new writers, if they got to grips with the tax system.

This advice is for authors paying tax in the UK.

Going Pro

Becoming a professional writer means you can claim back tax on a long list of expenses, but when does HMRC consider you a professional? The moment you make any money from your writing, the taxman couldn’t quibble. However, in some cases, you may be able to register as self-employed and start claiming before you’ve made a penny.

bad-accountantIf you’re an agented author, this…

View original post 439 more words

DON'T BE SHY - LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.