02.02.2021: UK Music Chief Executive Jamie Njoku-Goodwin has welcomed evidence of the vital tax contribution made by the UK music industry.
He spoke out after the Sunday Times revealed that five of the UK’s top musical acts made an impressive £50 million contribution in tax in 2019 to support public services.
The Sunday Times Tax List (read here (£)) calculated the tax contributions made by Ed Sheeran, Queen, Adele, Robbie William and The Beatles in its report.
The combined £50.4 million in tax paid is the equivalent of the annual salaries of 2103 nurses, 2509 police officers, or 2037 teachers.
Tours, special one-off shows, festival appearances, recorded music sales, merchandise, publishing and performance rights all contributed.
Overall, the UK music industry 200,000-strong workforce pays hundreds of millions of pounds in taxes every year.
It is important to note that according to the Office for National Statistics (ONS), annual earnings for musicians in a typical year are £23,059 – well below the national average of £29,832, but with the right support this shows that music can make significant contributions.
UK Music Chief Executive Jamie Njoku-Goodwin said:
“The UK music industry is a key national asset that makes a vital contribution to the economy. Before the pandemic hit it was responsible for hundreds of millions of pounds in annual tax revenues – helping fund key public services like the NHS, schools and the police.
“The Sunday Times’ analysis shows that five top acts generated more than £52 million in tax contributions. This alone is enough to fund the salaries of thousands of nurses, teachers and police officers, and underlines the vital role the music industry plays.
“As we look to emerge from Covid-19, the UK will need successful and dynamic national industries to help drive the economic recovery and boost the public finances. The music industry can play a key role in that recovery phase – so it is more important than ever that the government protects our industry and gives us the support we need now.”Back to news