Income from Writing - Your Tax questions answered! Page 3

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swerytd

  • Tuesday 27th May 2008, 7:25pm
  • Guildford, England
  • 7,521 posts
Quote: Deferenz @ May 27 2008, 2:36 PM BST

If you are a self employed entertainer/writer then the registration threshold for VAT is £67,000.

Hi Def

Some great advice here -- ta.

Just to be clear, I assume by the above figures that would mean I'd have to earn £67,000 purely from comedy-writing. So, if you were (not self-)employed earning say £30,000 a year, that would *not* count to the £67,000. Is this correct?

Cheers

Dan

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Deferenz

  • Tuesday 27th May 2008, 8:26pm
  • West Sussex, England
  • 773 posts
Quote: swerytd @ May 27 2008, 3:25 PM BST

Hi Def

Some great advice here -- ta.

Just to be clear, I assume by the above figures that would mean I'd have to earn £67,000 purely from comedy-writing. So, if you were (not self-)employed earning say £30,000 a year, that would *not* count to the £67,000. Is this correct?

Cheers

Dan

Dan, your earnings from employment are not affected by VAT, so a salary of say £30,000 would be TOTALLY SEPERATE to any self employed earnings for VAT purposes.
(did I spell seperate wrong?)

Def.

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Mike Greybloke

  • Wednesday 28th May 2008, 12:39am
  • England
  • 225 posts

Blimey, my mate must be loaded! He made it sound as if VAT applied to everybody. The rich bastard.

Thanks for the clarification.

And yes -- it's separate.

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swerytd

  • Wednesday 28th May 2008, 12:41am
  • Guildford, England
  • 7,521 posts

Cheers Def. I don't think I will ever have to worry then. :)

Dan