Artists’ Exemption
September 7, 2009
The Commission on Taxation has reported. The document can be found here
The advice on the Artists’ Exemption is on page 27:
8.98 The artist’s exemption should be discontinued; consideration should be given to introducing income averaging in the taxation of income from creative work.
Please contact your elected representatives and the media and let them know how you feel about this.
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Hi Peter, here is a link to the Visual Artists’ Ireland response, to the recommendation that the Artists’ Tax Exemption be cut.
http://www.visualartists.ie/Services/sfr_news.html#responsetotaxcommission
In 2005/6 VAI campaigned in collaboration with the Irish Playwrights and Screenwriters Guild and the Association of Irish Composers for the scheme’s retention. At this point the scheme capped tax free earnings from creative work at €250,000. As per the statistics in the response document above, 67% of visual artists earn less than €10,000 from their creative works each year. I would imagine that earnings from creative work for artists in other art forms are similarly low and equally unpredictable.
This is also the well reasoned argument from the previous campaign: http://www.visualartists.ie/Advocacy/alr_ate_position.html
Monica