We study the change of the QCD spectrum of low-lying mesons in the presence of an external magnetic field using Wilson fermions in the quenched approximation. Motivated by qualitative differences observed in the spectra of overlap and Wilson fermions for large magnetic fields, we investigate the dependence of the additive quark mass renormalisation on the magnetic field. We provide evidence that the magnetic field changes the critical quark mass both in the free case and on our quenched ensemble. The associated change of the bare quark mass with the magnetic field affects the spectrum and is relevant for the magnetic field dependence of a number of related quantities. We derive Ward identities for lattice and continuum QCD+QED from which we can extract the current quark masses. We also report on a first test of the tuning of the quark masses with the magnetic field using the current quark masses, and show that this tuning resolves the qualitative discrepancy between the Wilson and overlap spectra.