A tax return fit for a king
All the money I'm reporting to his majesty's revenue and customs in the financial year 2023-2024
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Today’s post is an income report, in which I break down all the money I made in the financial year that recently ended and how I feel about my earnings.
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AN EMOTIONALLY TAXING TAX RETURN
When T.S. Eliot wrote that April was the cruellest month, he must’ve been filing his taxes.
The new financial year in the UK starts in April; we don’t have to file our taxes then, but I’ve always wanted to be one of the 300,000 Brits who submit early. Last year, I sat down to do just that, but instead, I published a newsletter on how much money I’d made in the first quarter1 of 2023. I kept publishing income reports every quarter, but I didn’t file my actual tax return until a week before the final deadline.
And now, here I am again. I’ve gone into my accounting software, I’ve pulled all the numbers, and I’ve written a newsletter about it but I’ve still not filed early. 🥲
TBD when I send the official tax return, but here’s all the money I’ll report to His Majesty’s Revenue and Customs for the financial year 2023-2024.
I’ve split the income into two buckets: creative and commercial, followed by a summary of my outgoings. I tallied everything up and shared how I feel about these figures.
As per, my usual disclaimer before I talk about money on the internet:
This is how I make my money
I’m sharing this because I think you might find it helpful (or maybe you’re just nosey, I’m also fine with that)
I’m not a financial advisor
With that out the way, here’s my 2023-24 tax return.