Male and female HMRC officers take on the sensitive enquiries of ‘ONLY FANS’ content providers.

In the past sensitive type of tax enquiries involving adult content websites may well have been directed towards female staff employed by HMRC, but now all of their staff are allocated a number of the HMRC “customers” already risk assessed and taken up for enquiry for receiving funds from the users of the only fans website.

Before the hundreds of letters have been sent out to persons operating their business through Only Fans, HMRC will have done an in-depth review of all the financial affairs and personal affairs of those trading via that site.

Apart from the fact that HMRC are holding details of the earnings of the creators, they will also know if you own your own home and how much it cost, which mortgage lender you have, what bank accounts you have and how much you have in the bank, what credit cards you use, whether you have a loan on your vehicle, who lives at the house with you, what content you put up on Facebook and other social media platforms. These days in the digital world there is no hiding place.

So, what happens when you receive the letter from HMRC. Would you know what they were after. Scan down the letter and there will be a sentence asking for any income you receive from ‘online platforms’. Yes, this may well be that you rent out a house through Airbnb, you sell on Amazon or eBay but if you are working online via Only Fans I am 100% certain that is why you have had the letter. Once you’ve had the letter anything else you need to declare is fair game for HMRC.

OK you will panic about what questions they will ask and how much tax you will owe you can take comfort from the fact that I have been assured by HMRC, that when they scrutinise your bank statements, the names of the people making payments to you will be dealt with in the utmost confidence.

Let’s see if they are true to their word, as these cases are in their infancy and the best route forward is to be fully transparent, fully cooperative take on a specialist advisor to help you get the best deal available on the table. HMRC will be keen to settle these cases pretty quickly, with the least possible intervention into your lives, so call Lindsay who will give you a quote for the work that is needed based on the level of that work and rest assured you will be in good hands.