West
end casts and stage management reject SOLT offer
August 2008
At
thirty meetings of West End casts and stage managements held in theatres
across London during July members had the opportunity to consider the
new SOLT revised maximum pay offer and to have their say.
Of the
members polled, 90 per cent were unwilling to accept what was on offer
and voted to ask SOLT to come up with improvements to the deal on
the table.
Data
Source: Equity Online Magazine
For full article see:www.equity.org.uk
Declining
with the recession
August 2008
For advice to counter the present economic climate, click
here, to read our current published article.
Budget
2008
12 March 2008
For
concise, up-to-date and easy to digest Budget information visit Directgov
To find out how the chancellors budget affects you and your business
visit Businesslink
HM Treasury
have also provided a separate Budget
microsite which highlights the key points of how the Budget will
affect you.
For any further information see hmrc.gov.uk/budget2008
Offshore
Tax Amnesty
March
2007
At
the end of 2006 the Special Commissioners decision in HMRC V Financial
Institution was published. The ruling involved a UK high street bank
(understood to be Barclays) which was required to provide details to
HMRC of offshore bank accounts held by its UK customers under the provisions
of Section 20 Taxes Management Act 1970.
As a result HMRC are preparing to issue
letters to relevant individuals where underpayments of tax are suspected,
offering to settle back tax liabilities with minimal penalties if a
full disclosure is forthcoming.
There is to be a fixed penalty of 10%. Clients should be made aware
that failure to make full disclosure could result in increased penalties
or even criminal prosecution.
Film
tax breaks
January
2006
Equity
has told the Government that at the heart of any new tax break system
for British feature films, such as Wallace & Gromit: The Curse Of
The Were-rabbit (above), must be an insistence that a large proportion
of the artists engaged are British residents. The Government is currently
consulting on a new tax regime for films, after it announced that the
current regime would be withdrawn from 2006 due to concerns about possible
abuse and a failure to deliver real value to the industry.
Data Source: Equity Online Magazine
For full article see:www.equity.org.uk
Huge
increases to foreign artist costs under visa revision
January 2006
New work permit rules could create “huge” problems and significant
extra expense for companies booking foreign artists to perform in the
UK, according to arts organisation and immigration law experts.Changes
proposed by the Home Office would scrap the system whereby entertainers
can come to Britain on a joint permit and instead require every member
of a group - from a quartet to a full-scale orchestra - to apply individually
Data Source: The Stage Online
For full article see:www.thestage.co.uk
