Creating online content – tax is due and how to pay it?

What are online content creators and how have they come into HMRC’s domain in such a big way?

Online content is a lucrative business now from those demonstrating their skills, like fitness instructors etc, on say U-Tube and Instagram. What’s involved can be making online videos, producing podcasts, and social media influencing. Many people now view these as part of their daily lives and doom scroll through them endlessly!

There’s a lot of money to be earned from creating online content which also includes those operating through subscription services like Only Fans for example.

Here the gifts and services the content creators and influencers receive, as well and money, from promoting products online is also taxable. If through your social media channel you review beauty or other products and receive advertising income or commission from your videos and receive free receive gifts from the companies you review  — these also need to be taken into account as income.

To cut through the confusion and make a declaration to HMRC in a voluntary non -confrontational way contact us as below:-

Call Andy on 07879 464577

Alex on 07538 418839

Lindsay on 07584 706664

Or email her on Lindsay@lhtax.co.uk