Excerpt from the linked content^1 by Richard Currie:
>Those pencil-necked desk jockeys at His Majesty’s Revenue and Customs (HMRC) are about to give the UK’s legions of online “content creators” and “influencers” a rather rude awakening by reminding them they could owe tax on their income.
>Though many people “create content” for simple enjoyment rather than a money-making side hustle, the rise of monetization on platforms like YouTube, TikTok, Twitch, OnlyFans and others has meant that the lucky ones are able to make a living off it.
>(Apparently there is a distinction between content creators and influencers, though we’re not sure what it would be. Maybe the first actually does something creative and the other stands there holding a product and looking cool.)
>But with the field explosively doubling to 16 million in the UK between 2020 and 2022, a side effect of the pandemic, HMRC has caught scent of its favorite snack – unpaid tax.
>*The Financial Times* reports that the tax authority is sending out 2,300 letters to digital content folk to remind them of their obligations and a further 2,000 to those who hawk goods on eBay, Facebook and Etsy.
Great! That feet pic revenue should plug the hole left by Amazon paying no taxes in the UK.
Maybe they should focus on getting fair tax contributions from the rich and big business and clamp down on UK tax havens.
Edit
FUCKING LMAO
getting downvoted, either I’m deliberately being targeted by bots or average Brits are actually that deluded in thinking the wealthy are paying their fair share . Hahahahaha in-fucking-sane.
So cunts like Amazon pay zero Starbucks pay zero due to how they legally fiddle the tax system but sell vids of you fiddling yourself and the tax office want a cut. Priorities for fuck sake.
One thing I learned from the fall out around Andrew Tate is that a lot of this content is paid for in crypto, be interesting to see how HMRC deals with unpicking that.
The OF lot are in the newspapers every other week bragging about making half a million a year. HMRC has powers to pull bank statements when it suspects fraud, which will be easy, is it on their tax returns?
It’s not surprising that they’ve sent out letters if people are making hundreds of thousands tax free.
They are I presume
registered as sole traders. If not HMRC need to take them to the cleaners . I’m
self employed and pay my tax and national insurance so why not them.
I used to work with a guy that fiddled his tax big time, had a little loft insulation company
on the side. Tax man found him out though the bank he thinks. Basically told
him he owed them £35000 one month notice or prove otherwise in court. Needless
to say he paid up.
It’s a business, if you make a profit you need to pay taxes on it. Why is this news?
The individual allowance for incidental trading/service income for individuals (which includes feet pics) is actually pretty low per year (only £1000). Lots of people get caught out.
“Sex work is real work!”
“Nooooo…. don’t tax me, it’s not real work”
There is not a single chance in hell that the average influencer is making near on $150 per hour given there’s no bar at all to calling yourself one. Adobe’s paper also somehow believes there are 16.6 million creators of which about 2 million are “influencers”. 2 million people averaging $150 an hour posting bollocks on the internet? Based on a self reported survey of 500 people?
OFs (as an example of a large creator base) own figures show that the vast majority of their accounts make effectively nothing and you don’t even make the equivalent of minimum wage until you’re in the top 6-8%. You wouldn’t be on the equivalent of a professional wage until the top 2% or so and you’d probably be working more hours and/or spending part of your income on message farms to handle all the contact.
Rather tax cheesy toes than the wealthy. Makes sense /s
Don’t understand the comments about Amazon and rich not paying their fair share. Which is true, but why is that relevant here? Even in ideal world where they were paying their fair share, OF not paying their fair share is still an issue. HMRC should chase them and at the same time should be able to chase Amazon n billionaires. The roadblock is politics, not capacity or capability.
Sounds like camgirls aren’t donating enough to the Tories eh.
I’m not sure why people have a bee in their bonnets over this?
Everyone should pay tax. Why shouldn’t they pay too? You’re all acting like this is a fine or something?
It’s simple really. If in doubt ask. Surely it much better to be upfront than found out. The tax authorities everywhere know exactly what’s going on.
I hate the whole ” but xxx don’t pay and get away”
Like yea, true and it fucking sucks and I hope something is done but that doesn’t excuse others from not paying cause they are solo. I only make 33k, 25 after tak yet some of these lot make thousands with no tax potentially
Its because they think that these feet pic people are well heeled
I’d rather they tackled the billionaire and millionaire corporations paying fuck all, and close the offshore loophole shit too
I swear this happened in America a few years ago, massive crack down from the irs, where the whole Thot “that hoe owe tax” blew up
Remember all those massive corporations who pay no tax and wages so poor that you’ve had to resort to producing pornography to make ends meet as our entire society crumbles?
Well we’re gonna start taxing your porn.
Suck a dick, peasants!
And when you do, film it and pay us!
Taxation aside, can people selling feet pics *please* be called footanescas?
Oh dear, all the OF lot might have to sell their Range Rover Sports and everything-inside-is-grey houses.
Wdym may? It’s self employed income. Over a certain threshold it’s taxable like everything else.
HMRC don’t know what type of hassle they are letting themselves in for.
Half the women adult models/entertainers regularly using onlyfans have taken the ‘always get a good accountant’ advice offered by Married At First Sight Australia’s Instagram Jess to heart.
If it’s real work then it should be taxed. Sex work is real work. They’ve exploited it for long enough and they should be paying tax on it.
I make money by selling my time and expertise. I have to pay tax on it.
If you make money by selling pictures of your cunt, then you should have to pay tax on it.
Surely if they work for OnlyFans they should be on PAYE and that would mean OnlyFans owes money not the “influencers”?
Seems like another company found a loophole around employment laws and taxes.
30 comments
Excerpt from the linked content^1 by Richard Currie:
>Those pencil-necked desk jockeys at His Majesty’s Revenue and Customs (HMRC) are about to give the UK’s legions of online “content creators” and “influencers” a rather rude awakening by reminding them they could owe tax on their income.
>Though many people “create content” for simple enjoyment rather than a money-making side hustle, the rise of monetization on platforms like YouTube, TikTok, Twitch, OnlyFans and others has meant that the lucky ones are able to make a living off it.
>(Apparently there is a distinction between content creators and influencers, though we’re not sure what it would be. Maybe the first actually does something creative and the other stands there holding a product and looking cool.)
>But with the field explosively doubling to 16 million in the UK between 2020 and 2022, a side effect of the pandemic, HMRC has caught scent of its favorite snack – unpaid tax.
>*The Financial Times* reports that the tax authority is sending out 2,300 letters to digital content folk to remind them of their obligations and a further 2,000 to those who hawk goods on eBay, Facebook and Etsy.
^1 Richard Currie for The Register, Situation Publishing, 20 Feb. 2023, https://www.theregister.com/2023/02/20/hmrc_influencer_tax/
Great! That feet pic revenue should plug the hole left by Amazon paying no taxes in the UK.
Maybe they should focus on getting fair tax contributions from the rich and big business and clamp down on UK tax havens.
Edit
FUCKING LMAO
getting downvoted, either I’m deliberately being targeted by bots or average Brits are actually that deluded in thinking the wealthy are paying their fair share . Hahahahaha in-fucking-sane.
So cunts like Amazon pay zero Starbucks pay zero due to how they legally fiddle the tax system but sell vids of you fiddling yourself and the tax office want a cut. Priorities for fuck sake.
One thing I learned from the fall out around Andrew Tate is that a lot of this content is paid for in crypto, be interesting to see how HMRC deals with unpicking that.
The OF lot are in the newspapers every other week bragging about making half a million a year. HMRC has powers to pull bank statements when it suspects fraud, which will be easy, is it on their tax returns?
It’s not surprising that they’ve sent out letters if people are making hundreds of thousands tax free.
They are I presume
registered as sole traders. If not HMRC need to take them to the cleaners . I’m
self employed and pay my tax and national insurance so why not them.
I used to work with a guy that fiddled his tax big time, had a little loft insulation company
on the side. Tax man found him out though the bank he thinks. Basically told
him he owed them £35000 one month notice or prove otherwise in court. Needless
to say he paid up.
It’s a business, if you make a profit you need to pay taxes on it. Why is this news?
The individual allowance for incidental trading/service income for individuals (which includes feet pics) is actually pretty low per year (only £1000). Lots of people get caught out.
“Sex work is real work!”
“Nooooo…. don’t tax me, it’s not real work”
There is not a single chance in hell that the average influencer is making near on $150 per hour given there’s no bar at all to calling yourself one. Adobe’s paper also somehow believes there are 16.6 million creators of which about 2 million are “influencers”. 2 million people averaging $150 an hour posting bollocks on the internet? Based on a self reported survey of 500 people?
OFs (as an example of a large creator base) own figures show that the vast majority of their accounts make effectively nothing and you don’t even make the equivalent of minimum wage until you’re in the top 6-8%. You wouldn’t be on the equivalent of a professional wage until the top 2% or so and you’d probably be working more hours and/or spending part of your income on message farms to handle all the contact.
Rather tax cheesy toes than the wealthy. Makes sense /s
Don’t understand the comments about Amazon and rich not paying their fair share. Which is true, but why is that relevant here? Even in ideal world where they were paying their fair share, OF not paying their fair share is still an issue. HMRC should chase them and at the same time should be able to chase Amazon n billionaires. The roadblock is politics, not capacity or capability.
Sounds like camgirls aren’t donating enough to the Tories eh.
I’m not sure why people have a bee in their bonnets over this?
Everyone should pay tax. Why shouldn’t they pay too? You’re all acting like this is a fine or something?
It’s simple really. If in doubt ask. Surely it much better to be upfront than found out. The tax authorities everywhere know exactly what’s going on.
I hate the whole ” but xxx don’t pay and get away”
Like yea, true and it fucking sucks and I hope something is done but that doesn’t excuse others from not paying cause they are solo. I only make 33k, 25 after tak yet some of these lot make thousands with no tax potentially
Its because they think that these feet pic people are well heeled
I’d rather they tackled the billionaire and millionaire corporations paying fuck all, and close the offshore loophole shit too
I swear this happened in America a few years ago, massive crack down from the irs, where the whole Thot “that hoe owe tax” blew up
Remember all those massive corporations who pay no tax and wages so poor that you’ve had to resort to producing pornography to make ends meet as our entire society crumbles?
Well we’re gonna start taxing your porn.
Suck a dick, peasants!
And when you do, film it and pay us!
Taxation aside, can people selling feet pics *please* be called footanescas?
Oh dear, all the OF lot might have to sell their Range Rover Sports and everything-inside-is-grey houses.
Wdym may? It’s self employed income. Over a certain threshold it’s taxable like everything else.
HMRC don’t know what type of hassle they are letting themselves in for.
Half the women adult models/entertainers regularly using onlyfans have taken the ‘always get a good accountant’ advice offered by Married At First Sight Australia’s Instagram Jess to heart.
If it’s real work then it should be taxed. Sex work is real work. They’ve exploited it for long enough and they should be paying tax on it.
I make money by selling my time and expertise. I have to pay tax on it.
If you make money by selling pictures of your cunt, then you should have to pay tax on it.
Surely if they work for OnlyFans they should be on PAYE and that would mean OnlyFans owes money not the “influencers”?
Seems like another company found a loophole around employment laws and taxes.
“Tax advisor-cum-influencer Jessica Narweh” – thats an interesting job title, Jessica
this gives me mixed feelings, i can’t decide if i hate sex ‘work’ or taxes more