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Old 13th August 2018 , 12:52 PM
Junior Member
 
Join Date: Aug 2018
Posts: 1
Default Small town gigs... need some tax help?

Hi! I'm in a local band here in Oxfordshire and we're doing a few paid gigs around the SW/midlands area. I work self-employed so declare my income to pay tax on it - do I need to declare the little money I get for the gigs as income? I use this income tax ( [url]https://www.income-tax.co.uk/[/url] )calculator normally and I know what I will pay, but I'm not convinced I actually need to pay it because I'll spend more on equipment, fuel, having a car, everything related to gigging than what I'll actually get from it. Can someone confirm if this is true? I can't find the place where I read you don't have to pay tax if you spend more on making the money than what you actually make.

Thank you!

(Hopefully I'll have lots more audio-related questions soon.. setting up a small home studio )
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Last edited by hepston; 15th August 2018 at 07:54 AM. . Reason: edited link for easier reading <
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