As more influencers begin to earn a living through online content, the question of tax is becoming more common. It’s important to consider if your online content creation operates like a business. If it does, what tax obligations do you have?
The easiest place to start is with merchandise. Depending on how you’re selling your merch, and where your customers are, you’ll likely have to pay VAT. For the other types of income, things get a little more complicated.
Source: simplyvat.com
Latest Posts in "United Kingdom"
- Property TOGCs Under the Microscope: Navigating VAT Conditions and HMRC Expectations
- Fintua Sponsors Indirect Taxes Annual Conference 2025 in London (Nov 12)
- VAT Hike Would Cause Biggest Economic Damage, Leading Economists Warn Chancellor
- HMRC Clarifies VAT Treatment of Overage Payments on Land Sales
- VAT Error Correction: Amending Returns, Claiming Refunds, and Avoiding Penalties