UK photographers & Tax

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ArthurPassant
Member is a contributor and has less than 250 Video downloads
Posted Thu Jan 3, 2013 3:41AM

Hi, I haven't had a payout yet and was wondering if Istockphoto apply any withholding tax when paying out to UK contributors?


I have asked istock directly but haven't had an answer to this.


Thanks for any help
kelvinjay
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Flash downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveMember has won a contestForum Moderator
Posted Thu Jan 3, 2013 3:47AM
There is no holding tax applied to your iStock earnings. iStock is a Canadian, not American company, consequently they don't keep hold of the extra 30% that you may forgo elsewhere. You just pay income tax on what you receive.

(Rewritten in English)

(Edited on 2013-01-03 03:53:28 by kelvinjay)
ArthurPassant
Member is a contributor and has less than 250 Video downloads
Posted Fri Jan 4, 2013 2:13AM

Hi Kelvinjay,


Thank you for the reply. I always provide withholding tax forms from my local tax office when required, there are plenty of other countries - not just USA - which apply withholding tax.


I know it doesn't actually make any difference moneywise, as one just claims back withholding tax against UK income but it's nice not to have to keep getting these tax forms signed.


Thanks again.


 
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