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Readers' forum: Rumours

17 June 2019
Issue: 4700 / Categories: Forum & Feedback
Tax planning ideas for a singer and songwriter.

One of my clients has asked for some advice for his daughter. She has a dog-walking business and declares this income on her self-assessment tax return. In her spare time she is a singer and musician and in 2018-19 she started to earn some money from this. Some of this is from gigs in local pubs and events and some is as a busker. I can see that she should declare the income where she is being paid formally but what about the money from busking; is this just a gift? Further this of course gives rise to a related question: must the full amount be taken into account when considering whether her turnover has exceeded the VAT threshold?

On a slightly more complicated matter it seems that some of her songs are receiving a lot of attention on the internet and her father tells me there...

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