Royalties
sjkr
Registered Posts: 74 Regular contributor ⭐
Hello all,
Does anybody know anything about writer's royalties?
I have a new client, who is a journalist and author, who received royalties from the Author's Licensing and Collecting Society. Somebody has told her that these are not taxable. I would have thought that they were, as surely they are income, can anybody confirm whether or not this is the case?
Regards,
Julie
Does anybody know anything about writer's royalties?
I have a new client, who is a journalist and author, who received royalties from the Author's Licensing and Collecting Society. Somebody has told her that these are not taxable. I would have thought that they were, as surely they are income, can anybody confirm whether or not this is the case?
Regards,
Julie
0
Comments
-
See here - https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim50701
Taxable but depending on the level of income this may not be a trade and may not be self-employed income but rather just other income.Regards,
Burg0 -
Thank you, that is extremely helpful!0
