Ed Sheeran’s staggering tax bill is revealed – after he awarded himself a £10MILLION pay rise
Ed Sheeran’s staggering tax bill has been revealed – after he awarded himself a £10million pay rise last year.
The singer-songwriter, 32, whose seventh studio album Autumn Variations was released on September 29, banked £18.3million in 2022.
Ed Sheeran Ltd turned over £23.6million, while profits came in at a whopping £16.3million.
But his huge earnings came with a giant bill for the taxman, with the Shape Of You singer paying £8million in tax, according to The Mirror.
Each week, he paid an eye-watering £158,917 in tax – around five times the average UK annual salary.
Ouch: Ed Sheeran’s staggering tax bill has been revealedOuch:
Raking it in: The singer-songwriter, 32, whose seventh studio album Autumn Variations was released on September 29, banked £18.3million in 2022
The document, which was sent to Companies House last week, included £3.1million in Corporation Tax and a £5million bill for his touring company.
Ed has previously said wealth doesn’t matter to him as ‘I have enough to be comfortable and the rest goes to help people’.
‘It’s like, earn a penny, spend a penny with me. I don’t have that much value on it. I have more value on my friends and family being OK,’ the artist said.
It comes after the ex-busker’s new album Autumn Variations has divided critics.
The Perfect singer released his seventh album on Friday, just four months after Subtract, which was a searing look at his grief and depression in the wake of his wife’s health woes and the death of his friend Jamal Edwards.
In stark contrast, Autumn Variations turns the spotlight onto his friends, with Ed revealing he ‘wrote songs, some from their perspectives, some from mine, to capture how they and I viewed the world at that time.’
The new record, inspired by classical composer Edward Elgar’s Enigma Variations and a collaboration with musician Aaron Dessner, has left some critics impressed with his melodies, while others have lamented the loss of the raw and candid lyrics in his previous album.
It is the first non-collaborative studio album with a title which is not a mathematical symbol, following on from 2011’s Plus, 2014’s Multiply, 2017’s Divide and 2021’s Equals. The final maths album, Subtract, was released in May.
Mixed reviews: Ed’s Autumn Variations left critics underwhelmed with ‘unimaginative ballads’ yet star is praised for making a ‘stylish departure’ from his maths symbols albums
New album cover: The singer released his seventh album on Friday, just four months after Subtract, which was a searing look at his grief and depression
The musician explained in Autumn 2022 everything appeared to either be calm and settled or fell apart and imploded for all his friends, he said: ‘When I went through a difficult time at the start of last year, writing songs helped me understand my feelings and come to terms with what was going on.
‘When I learned about my friend’s different situations, I wrote songs, some from their perspectives, some from mine, to capture how they and I viewed the world at that time.’
It is inspired by Enigma Variations by Elgar who created 14 compositions based on 14 friends, so Ed decided to do the same thing alongside Aaron Dessner who worked closely with Ed on Subtract.
‘We wrote and recorded non-stop and this album was born out of that partnership.
‘I feel he has captured the feeling of autumn so wonderfully in his sonics and I hope everyone loves it as much as I do.’
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