All Tips, gifts and Extra payments taxable for Only Fans Creators
As a participator through the Only Fans platform, you may receive income from a variety of sources as well as individual gifts that you may not deem to be part of your regular income.
If you file a tax return already it is important that you declare all sources of income even minor amounts, because Only Fans models have become a target for HMRC over the last few years and we believe HMRC are starting this targeting again by issuing letters. When such letters are sent, it’s usually the case that HMRC are already sitting on the full details of your income obtained direct from Only Fans platform.
So better to be safe than sorry and better to get ahead of the game by declaring everything, for example extra money that your own subscribers may give you voluntarily as gifts, or money to purchase certain items that you may use in your videos. Any fees paid by subscribers that come through to your bank account. Any additional sums received from any other collaborations or paid to you as an influencer through different online platforms.
If you have not filed tax returns in the past or your tax returns were incorrect now in hindsight, it is not too late to contact us to put things right for you and give you a clean sheet with HMRC.
We can speak to you at a time convenient to you even weekends and evenings to answer your questions and these blogs are only a short overview of issues you may have. To take time on your specific questions and worries call us now on
Call Andy Rusling on 07879 464577, Lindsay on 07584 706664 or email us for a prompt reply.