In case you need to know…
We 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.
View original post 439 more words