Quarterly reporting under MTD is not a quarterly tax payment: it’s a running summary of income and expenses sent to HMRC four times a year,
The most common tax mistakes for creatives — poor record-keeping, missed VAT thresholds, incorrect expense claims, and missed deadlines — are all avoidable with the
MGTR provides a cash repayment of up to 40% for non-touring and 45% for touring exhibitions — but you must submit the Additional Information Form
If you live in the UK and do the work here, you pay UK tax on income from US clients: US withholding tax should not
Good bookkeeping for creatives starts with one habit: recording income and expenses as they happen, not in a January panic. Disorganised records cost you both
GEC gives UK game development companies a 34% credit on qualifying core expenditure — replacing VGTR for projects started from 1 January 2024 onwards, with
You can claim £6 per week tax relief for working from home without receipts, but only if you’re required to work from home, not if
Research and Development applies to projects that promote science or technology. The creative industry is pushing creative and technological boundaries, so the creative sector can
Government grants count as taxable income. You must only recognise them once all attached conditions are met, not simply when the cash arrives in your
AVEC replaces Film Tax Relief, HETV, Children’s TV, and Animation Tax Relief for new productions from April 2025. AVEC offers between 34% and 53% back
