Recent content by jt77464

  1. J

    Is car hire + fuel tax deductible as a self employed musician?

    Thanks so much. If I understand correctly: if I were to earn £10,000 this year, and have £150 legitimate expenses, I would in effect pay tax and NIC on the total of £9,850 is that right? Many thanks
  2. J

    Is car hire + fuel tax deductible as a self employed musician?

    Hi all. Please forgive my ignorance, but for the last few years I've been a part time musician (whilst also a full time student) and have never really earned more than my personal allowance so I've never had to give serious thought to those expenses that I can legitimately claim. I am registered...
  3. J

    Keeping my band legitimate

    Thanks very much. So, if I earn under the £6475 tax threshold then accountancy fees come out of my own pocket; but if I earn over that amount the fees are deductible so the accountant is essentially 'free' to me? Is that right? Thanks
  4. J

    Keeping my band legitimate

    Thanks paulears. How can I avoid being an employer? I tend to do all the negotiations with clients, and tell the players where to turn up and who to ask for. Normally I get a cheque, but sometimes the cheque is in one of the player's names (if I'm not paying) and sometimes it's cash. If it's...
  5. J

    Keeping my band legitimate

    Yes I think they all are. But in the past my fellow students weren't.
  6. J

    Keeping my band legitimate

    Thanks. Is that what's normally done? I'm new to all this, I'm a student. Apparently all students who earn anything are meant to register self employed. I wonder how many do? I have never wanted the hassle of invoices. Would I be able to do them retrospectively if I got in trouble? Is HMRC...
  7. J

    Keeping my band legitimate

    I run a small function band, two piece and three piece. I handle all the cheques and pay my musicians in cash. I earn less than £6475 but obviously I handle more than that in a year, around £20,000. How do I prove to the taxman that I didn't keep all of that, ie most of it was paid to my...
  8. J

    Musician's first tax return...

    Thank you, that's helpful. My instruments are worth about £1500, about £500 of which I've bought this year. I basically run the website and do all the talking to clients. I pay my musicians (mostly students like me) after each gig. I hope that doesn't make me an 'employer' liable for even...
  9. J

    Musician's first tax return...

    Yes, on my letter from HMRC it says "we will let you know which tax return we want you to complete". And they haven't sent me anything. And on the online portal it has a load of blanks next to the following fields: Tax year ending 05 Apr 2009. Issued on:Not issued File on paper by: File...
  10. J

    Musician's first tax return...

    Er, think I'm being a bit dumb. I only registered self employed in late August 09, so presumably they'll only be interested in April 09 to April 10 right? They didn't send me any letters telling me to do a return, I just heard about it on the radio that the deadline is soon, so I can probably...
  11. J

    Musician's first tax return...

    Following sage advice on this forum a while back I registered self employed. I'm a full time grad student but run a little jazz band from which I earned about 5k this tax year. Well under the 6475 tax limit. Now this self assessment thing is somewhat complicated, and it seems to think I owe...
  12. J

    Music Band - time to go 'official'

    Thanks. I've now registered as self employed, and I need to make sure my fellow musicians are similarly registered. The next step would be to set up a bank account in the business name, do banks charge for this? It'd only be for cashing cheques and transferring the balance by internet banking
  13. J

    Music Band - time to go 'official'

    Hi everyone, I play in a band that does weddings, dinners, events and the like. We're composed of postgraduate and undergrad students, so none of us is a taxpayer. Yet. Recently we've started to earn a bit more cash, I personally expect to clear £5000 earnings in 12 months, and I guess the band...
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