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  1. www.earnr.co.uk › blog › your-guide-to-onlyfans-vatYour Guide to OnlyFans VAT in the UK - Earnr

    This means that your fans will pay £12 for your subscription (your price + £2 of VAT). ‍. After this, OnlyFans pays you your cut, which is still 80% of your set price (£8), and your share of VAT, which equals 20% of your earnings (20% of £8 = £1.60), that you’ll need to send to HMRC.

  2. calaassociates.co.uk › onlyfans-vat-101-exactlyOnlyfans VAT 101 - Here's exactly how it works! - CALA Associates

    Dec 9, 2022 · For non-VAT registered Onlyfans creators, it’s simple, they determine a subscription price and Onlyfans charge VAT on top and pass it to HMRC. Consider this example: Fee set by the creator: £10. Fee charged to subscribers by OF: £12 (£10 + VAT) 80% paid to creator: £8. 20% Retained by OF: £2. VAT paid to OF: £2.

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  4. www.accountingweb.co.uk › tax › business-taxOnlyFans in awkward position over £11m VAT bill - AccountingWEB

    Mar 21, 2023 · Web portal OnlyFans has been hit with a VAT liability in a case that shows the online world and post-Brexit tax are not ideal bedfellows. The digital age we live in is reflected in the case involving the social media platform OnlyFans operated by Fenix International Limited (Fenix). HMRC assessed Fenix for VAT and the first tier tribunal (FTT ...

  5. www.mercianaccountants.co.uk › onlyfans-tax-faqOnlyFans Tax FAQ: Your Questions Answered - Mercian Accountants

    Dec 3, 2023 · A: Your tax liability is calculated based on your taxable income, which is your total income from all sources minus any allowable deductions. The tax rates for the 2023-24 tax year are as follows: Basic rate: 20% for taxable income between £12,571 and £50,270. Higher rate: 40% for taxable income between £50,271 and £125,140.

  6. blog.rulta.com › understanding-onlyfans-vatOnlyFans VAT Guide: What UK Creators Need to Know

    Jul 17, 2024 · If VAT registered, you're treated as charging OnlyFans your Creator Earnings plus VAT • Creator Earnings = 80% of Fan Payments. Example: Fan Payment: £100 Creator Earnings: £80 VAT (20% of £80): £16.

  7. albertgoodman.co.uk › insights › only-fans-vat-caseOnly Fans VAT case | VAT advice - Albert Goodman

    Mar 6, 2023 · The case transcript doesn’t give a breakdown of the proportion of fans that are in the UK, so there could be an overseas VAT liability in addition to the £11 million VAT HMRC has demanded. In relation to the creators, providing content in return for remuneration will normally be a supply for VAT purposes. For VAT registration purposes, all ...

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  9. www.reuters.com › markets › europeOnlyFans should pay UK VAT on full amount paid by subscribers ...

    Sep 15, 2022 · OnlyFans, an online platform known for adult content, should pay UK value added tax (VAT) on the full amount paid by subscribers to content creators, not just its 20% cut of the fees, an EU court ...