Taxation on DACs (Design and Copyright society) income
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SussexAccountancy
Registered Posts: 28 Epic contributor 🐘
Hi
I am doing some research at the moment, but wondered if anyone could point me in the direction of how to deal with DACS (ie:royalties/copyright on visual arts (illustrators/artists)) income. I wanted to confirm that tax hasn't been taken at source, and where I could do some more reading as this is going to come up again - is it pretty straightforward and treat as "other income" or should I be looking into it further. It's only £200 income, but that's not really the point......
Thanks as ever!
SA
I am doing some research at the moment, but wondered if anyone could point me in the direction of how to deal with DACS (ie:royalties/copyright on visual arts (illustrators/artists)) income. I wanted to confirm that tax hasn't been taken at source, and where I could do some more reading as this is going to come up again - is it pretty straightforward and treat as "other income" or should I be looking into it further. It's only £200 income, but that's not really the point......
Thanks as ever!
SA
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