HMRC clarify new rules for profit distributions to Theatre investors

Further to our previous updates on this subject, HMRC has now clarified the new rules and their effective dates. The old position for investors Individual (UK) investors were able to take advantage of a special Extra Statutory Concession (ESC A94) which allowed them to offset losses against profits made on investments in theatrical productions. What’s … Read more HMRC clarify new rules for profit distributions to Theatre investors

Latest NI news for entertainers

HMRC are at it again, this time targeting entertainers who trade through their personal service companies. We understand that a number of high-profile performers across the entertainment industry have been subjected to tax enquiries, purporting that the income received by their companies is tantamount to salary. If this were the case, such income would also … Read more Latest NI news for entertainers