with our actor clients in mind n.
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  1. With our actor clients in mind and the UK tax deadline fast approaching, we have put together a brief guide covering all the basics that actors must know about taxes leading up to the deadline. All actors must take taxes from their earnings if they exceed a set threshold. This pays towards the NHS, social security, roads, defence, schooling and much more. How much tax you will have to pay, will depend on how much you earn and what income tax band you fall into. Your tax is calculated and paid by filing a self-assessment or via PAYE. For many actors, it may be a combination of both. For example, many actors have employed work and self- employed work, both types of income should be added together to calculate your total taxable income. Even child actors will be required to pay tax and file a tax return if they are earning income. HOW TO MINIMISE YOUR TAX OWED AS AN ACTOR? The nature of acting means that there will be many expenses that an actor will incur due to their trade. For example, cosmetic expenses incurred to fulfil the requirements to gain a role. These expenses are regarded as ‘businesses expenses’ and is claimable against tax on the actor’s total income. OTHER POSSIBLE DEDUCTIONS FOR ACTORS INCLUDE: Agents and managers fees and commissions Coaching Laundry of professional clothing, theatre laundry etc; Accounting and legal fees; Professional subscriptions, Equity subscriptions, professional journals; Cost of professional clothing; Cost of equipment/instruments etc a capital allowances claim; car, computer, audio/visual equipment Cost of repair to wardrobe and props, cleaning of wardrobe and props, cost of replacement or renewal of wardrobe or props; Insurance re-equipment/public indemnity; Computer running costs and internet; Hairdressing; Cosmetics, make-up;

  2. Chiropody (for dancers, mainly ballet); Postage and stationery; records, books, journals (Stage), DVD, Videos etc; Medical expenses in connection with professional injuries; Publicity costs, photographs (Spotlight); PR Business telephone, mobile, email; Secretarial assistance including possible payments to expat tax return a spouse