Like gravity, taxation cannot be avoided.Taxes must be paid in one way or another if you hold a salaried position, are a director of a business, or are a sole proprietor. Tax is technically defined as: If you are old enough to work, you probably already know what it is.
a tax levied by the government on the earnings of workers and businesses, or added to the cost of some goods, services, and transactions, to contribute to the state’s revenue.

Simply put, it is one of the ways you can help pay for the upkeep of some of the country’s infrastructure, public services, and safety.In the event that you’re hoping to become familiar with charge as a performer, you may likewise need to look at our blog on Tank for groups.

The vast majority of us, musicians and those employed in the wedding bands london music industry, will not hold salaried positions.
Even though it was conducted in 2012, the Musicians’ Union survey of The Working Musician revealed the following:
Only 10% of musicians are salaried full-time workers.The majority of musicians do not have any sort of regular job.94% of musicians earn all or part of their income from freelance work.

Since the study was conducted, it is unlikely that those figures will have changed significantly for anyone working in the industry.
However, there are some exceptions to the rule, including the fact that many orchestral musicians will be paid.A venue might pay its own in-house sound technicians a salary, and some cruise ship musicians will also get paid a salary every month.
However, most of the time, you will be self-employed (usually as a sole trader) if you are a performer, recording artist, session musician, or other similar profession.

Who ought to declare themselves self-employed

In most cases, musicians fall into one of three categories:
Music is a passion or hobby that comes with its own reward.It is performed solely for the enjoyment of doing so.
You make the majority of your money working a salaried (or other) job, but you also make money gigging or doing other musical activities.
By trade, you are a full-time musician.Your work in the music industry generates the majority of your income.
Naturally, there is a tendency for the lines to blur.But the main point is that if you fall into categories 2 or 3, you should be paying tax on your earnings and should seriously think about registering as a self-employed person as soon as possible.