Author’s royalties tax declarations?
Soap Queen
Answered
· Viewed 1739 times
I have just agreed to write a book with a UK publisher which will be published internationally. For this I will receive an advance against royalties which will be paid in three stages: 1/3 when I sign the contract, 1/3 when I deliver the MS and 1/3 on publication. Once royalties on sales have earned the advance back I will receive ongoing royalties (this could take a year or so).
I believe writers have a separate tax band but as a Profession Liberale auto-entrepreneur for my other activities, not sure how I deal with this in terms of tax declarations? Any advice gratefully received.