TaxPersonal TaxMoney’s not too tight to mention

Money's not too tight to mention

Accountancy’s entertainment specialists are backing a bid by Tony Blair’s creative industries taskforce to estimate the revenue from UK musicians, film-makers and other creative professionals.

KPMG is helping British Music Rights compile figures for the taskforce’s music group, which includes Simply Red singer Mick Hucknall (above).

KPMG tax partner Bob Watts is working with the film group to analyse the effect of last year’s Budget tax breaks on film production.

‘The government would like independent benchmark figures of the industry’s earnings to provide a basis for year-on-year comparisons,’ said KPMG entertainment and media partner David Murrell.

While the accountants’ involvement currently amounts to voluntary advice, Murrell anticipates the taskforce will generate business opportunities.

‘The government will need to commission outside help. These markets are specialised and relatively small. Even in accountancy, only a handful of people have good information at their fingertips,’ he said.

Related Articles

Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4w Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

2m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

2m Alia Shoaib, Reporter
HMRC collects record £5bn in inheritance tax

HMRC HMRC collects record £5bn in inheritance tax

3m Emma Smith, Managing Editor
Making Tax Digital: What might HMRC’s penalties model look like?

Corporate Tax Making Tax Digital: What might HMRC’s penalties model look like?

3m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

3m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

3m Emma Smith, Managing Editor