Government issues clarification on tax relief for recording artist advances
Tuesday, Feb 9th 2016 at 1:54PMUK Music and the Featured Artists Coalition have welcomed clarification from the Government on tax relief for recording artist advances.
The music trade organisations sought formal clarification from HM Treasury on the ability of creators to average profits in successive years within the existing tax framework, and specifically whether this could be applied directly to artist advances.
In a letter responding to both organisations, David Gauke MP, financial secretary to the Treasury, said: “I am happy to confirm that the ...
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