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A Performers Guide to Business Expenses and Self Assessment in the UK Performing artists often find themselves overwhelmed by the administrative aspects of running their own business. Taxes, accounting, and self-assessment can be daunting tasks for individuals with artistic temperaments. However, it is crucial for performers to understand and manage their business expenses effectively to avoid unnecessary stress and potential issues with the tax authorities. In this comprehensive guide, we will provide performers, including actors, musicians, and entertainers, with essential information on allowable expenses for self-assessment income tax in the UK. It’s important to note that while many items of expenditure can be claimed as wholly and exclusively incurred for the performance of your business, it is crucial to use these allowances responsibly and avoid overclaiming, which may lead to complications during tax inspections.