HMRC Issue Next Tranche of Letters to Only Fans Creators

Do any of these scenarios relate to you?

Have you declared all your income from Only Fans, claimed the correct expenses in your tax return and paid all tax and VAT due? Then we need to defend any HMRC intervention to the hilt.

Have you already had a letter from HMRC investigating your income from Only Fans? If so it’s not too late to call Lindsay.

Would you prefer to make an early voluntary disclosure to HMRC before they prompt you with a letter? By putting it in the hands of an experienced specialist adviser this can save you money and a lot of stress.

To declare things to HMRC is always scary at the start, but you are in good hands with Lindsay who is experienced in dealing with the HMRC investigations in to Only Fans creators. You will definitely feel the benefit of a weight being lifted off your shoulders once you get your tax affairs in order and you can move forward within the tax system without fear of a future Revenue enquiry.

Coming forward before they approach you is easy and there are two main routes.

The most serious route for cases involving higher levels of tax and VAT, is called the HMRC Contractual Disclosure Facility. This can be used for people who want to disclose unpaid tax etc voluntarily and it gives you complete protection from a criminal prosecution in return for a full disclosure of all tax and VAT etc irregularities.

For the more usual cases who have failed to declare the correct amount tax for earlier years, we can make a voluntary disclosure through HMRC’s online system, which means you do not have any interaction with HMRC yourself and your advisor does it for you.

Profits are calculated along with the tax, interest and penalties due and this is sent off to HMRC for their agreement. It is Lindsay’s way of working to provide full income and expenditure accounts for each of the relevant years, along with a report explaining how it all arose and these are then accepted by the Revenue in return for you paying what are you owe.

If you have had a letter from HMRC we would not advise any individual to pick up the phone to them or commence corresponding with them, before taking sound professional advice from an experienced advisor. You will find Lindsay non-judgemental, friendly and informative. So pick up the phone to her on (07584) 706664 at any time and she will put your mind at rest.