MUSIC

Music – Including Worldwide Tours

We are experts in the field of international taxation of visiting entertainers and in particular touring artists. We can offer the full range of tax, accounting and planning services required by a visiting entertainer/musician as well as by UK resident entertainer/musician and including:

 

UK: Visiting Entertainers/Musicians:

  • Making applications to HM Revenue & Customs for Reduced Withholding Tax Arrangements to reduce the statutory Withholding Tax of 20% on gross income and certain other payments thus avoiding the necessity for final filing
  • Preparing final accounts and formal Tax Returns
  • Working with the talent’s business manager/lawyer to create favourable contractual frameworks within which to work including sponsorship, endorsement and merchandising
  • Organising and obtaining Withholding Tax certificates to ensure correctness and compatibility with the talent’s domestic taxing authority requirements
  • VAT from compulsory to voluntary registration and including maximising recoveries of VAT on business expenses
  • Cash flow management and other services as typically may be required such as vendor payments

 

Rest of World: Visiting Entertainers/Musicians:

  • Covering all aspects of Withholding Tax on a country by country basis beginning with a review of statutory exposure to consideration of tax planning opportunities, putting the tax saving measures in place and all follow-up issues as required
  • Providing a structure where necessary which can substantially reduce exposure in certain countries
  • Advising on Social Security issues and implementation to eliminate or minimise the liability
  • Final filing requirements when necessary e.g. France
  • VAT with the emphasis on maximising recoveries on business expenses
  • Cash flow management, vendor payments and other services as typically may be required

 

UK Resident Entertainers:

We also offer a suite of services ranging from mainstream domestic taxation and accountancy compliance requirements to tax planning, all Withholding Tax issues on performance fees, merchandising, sponsorship and all other services listed on our website. We can provide assistance with all of the above and indeed any other requirements or concerns you may have.

For more information about how we help people working in the music sector, please contact Bhavini Ratan.