If I sell artwork through a gallery based abroad, can they deduct ‘withholding tax’ on my earnings?

‘Withholding tax’ is an amount held by the party making a payment to a payee, which will be paid to the taxation authorities. It is usually withheld from payment because the paying party has an agreem… Continue Reading If I sell artwork through a gallery based abroad, can they deduct ‘withholding tax’ on my earnings?

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Do I have to pay tax on the award or grant I have been given?

There continues to be no up-to-date and definitive answer or ruling to the question of whether prizes and awards will be deemed taxable by the HMRC. It appears that guidelines written in 1979 have nev… Continue Reading Do I have to pay tax on the award or grant I have been given?

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