Fansly Tax Accountants

Let One & Only Accounts handle your HMRC tax returns, so you can stay focused on creating amazing content.

Whether you’re just starting out on Fansly or earning a substantial income, managing your Fansly tax returns doesn’t need to be overwhelming.

If you’ve made more than £1,000 in a year on Fansly, you’re required to file a Self Assessment tax return.

Our team makes the whole process straightforward, helping you stay compliant, avoid penalties, and keep more of your hard-earned income.

Got a question? Whatsapp us now!

Should I Declare My Fansly Income to HMRC?

Yes - all income from Fansly must be declared to HMRC. This applies to every type of earning, not just your subscription payments.

HMRC classifies Fansly activity as self-employment, meaning you’re responsible for reporting all forms of income, including:

Subscription fees: Payments from followers for accessing your content
Tips: Extra contributions or bonuses from supporters
Gifts: Cash gifts or monetary transfers made through other platforms
Additional income: Affiliate earnings, promo work, shoutouts, or brand collaborations

Failing to declare your earnings can lead to penalties, backdated tax demands, or even legal consequences.

Accurate record-keeping and submitting a correct tax return are essential for staying compliant. At One and Only Accounts, we make the process simple and stress-free.

Should I Register & Trade as a Limited Company?

Setting up a limited company can be a smart option for Fansly creators who want to improve their tax efficiency, but it isn’t the right choice for everyone.

Benefits of a limited company:

Lower tax rates: Corporation Tax is often lower than standard personal income tax.
Flexible income options: You can draw money through a mix of salary and dividends, helping reduce your overall tax bill.
Greater financial control: A company structure makes it easier to manage income, expenses, and reinvestment.

Things to consider:

More admin: You’ll need to file a company tax return as well as your personal one.
Possible VAT registration: If your earnings exceed the threshold, VAT may apply.
Additional responsibilities: Running a limited company involves more legal and accounting requirements.

If you’re new to Fansly, starting as a sole trader is usually more straightforward.

As your income increases, however, a limited company could offer meaningful tax advantages.

Wherever you are in your journey, we can help you choose the right structure and stay fully compliant with HMRC.

What Happens During HMRC Investigations?

If HMRC believes you haven’t fully reported your income — including earnings from platforms like Fansly — they may begin a formal investigation.

In more serious situations, you could receive a COP9 letter, which invites you to disclose any undeclared income or mistakes through the Contractual Disclosure Facility (CDF).

Here’s what this involves:

Making a complete and honest disclosure of all income and inaccuracies
Cooperating fully, which can help you avoid criminal prosecution
Accepting that penalties or interest may still apply, though early disclosure can reduce them

HMRC is paying closer attention to online income than ever before and regularly reviews activity on digital platforms.

If you’re concerned about past tax issues or have received a COP9 notice, getting professional advice quickly is essential.

We’re here to help you navigate the process, protect your earnings, and restore peace of mind.

Full Cooperation & Transparency is Vital

If HMRC opens an investigation, being honest and transparent is absolutely crucial.

Showing full cooperation demonstrates that you’re acting in good faith — and this can significantly influence how your case is handled.

Here’s why it matters:

Disclose Everything: HMRC expects a full breakdown of all your income, including Fansly earnings, tips, gifts, and any other online payments.
Reduced Penalties: Being upfront increases the likelihood of HMRC treating the situation as a civil issue rather than a criminal one, usually resulting in lower fines.
Avoid Escalation: Withholding information or refusing to cooperate can cause HMRC to escalate the matter, potentially leading to criminal investigation.

It can feel daunting, but full transparency is often the fastest and safest way to resolve the situation. Seeking expert advice early on can make the entire process far less stressful.

Tax Inspector Questioning Fansly Creator

Cooperating with HMRC

If HMRC gets in touch, how you respond is crucial. Clear, professional communication can make the process far smoother and protect you in the long run.

Here’s how to manage things effectively:

Keep Detailed Records: Store copies of all letters, emails, and notes from phone calls. A clear paper trail helps avoid misunderstandings.
Use Secure Channels: Send documents through secure email or encrypted file-sharing to protect sensitive information.
Stay Calm and Professional: A polite, straightforward tone encourages HMRC to work with you and can help speed up the process.

Responding promptly and staying organised shows HMRC that you're taking matters seriously, which can lead to a quicker, more favourable outcome.

Frequently Asked Questions

Is Fansly classed as self-employed?

If you earn income on Fansly, you're classed as self-employed, which usually means you’ll need to register as a business with HMRC.

Does Fansly report income to HMRC?

Income earned on platforms like Fansly is taxable at your standard rate, and you’ll need to file a yearly tax return with HMRC to report this income.

How do you declare income from Fansly?

You’ll need to complete a self-assessment tax return each year, paying tax on your earnings after deducting any business-related expenses. For a full breakdown, speak to one of our experts for professional advice.

Can Fansly be a tax write off?

As a Fansly content creator running a small business, many of your expenses can be claimed as tax-deductible. This reduces your overall income for tax purposes, helping to lower both your income tax and self-employment tax bills.

Fansly Accountancy Packages

We offer a number of fixed packages plus tailored services to suit your needs. Whether you’re looking for a one-off consultation or ongoing support, we’re here to help.

Tax Consultation

£149

Have a specific question or need guidance on your tax situation? Our Tax Consultation calls are perfect for creators who need professional advice but aren’t ready to commit to a full service. Whether you're unsure about deductions, business expenses, or tax-saving strategies, we’ll provide clear and actionable advice tailored to your unique situation.

Personalised Guidance: Speak one-on-one with an expert who understands the Fansly creator landscape.

Clarify Your Concerns: Get answers to any questions about tax filings, managing your earnings, or business setup.

Strategic Advice: We’ll offer insights into how to save on taxes, structure your finances, and plan for the future.

Start your consultation

File a Self-Assessment Tax Return

£395 /year

Filing taxes can be overwhelming, but it doesn’t have to be. With One & Only Accounts, you can rest easy knowing your tax return is in expert hands. Our service includes:

Full Tax Filing: We’ll prepare and file your tax return, ensuring you comply with all tax regulations.

Maximised Deductions: We’ll identify all eligible deductions to ensure you’re paying the least amount of tax possible.

Clear and Transparent Reporting: We provide a simple, easy-to-understand breakdown of your tax situation.

Start your tax return

File a Company Tax Return

£1495 /year

Running a limited company doesn’t have to be complicated. With One & Only Accounts, we’ll take care of your year-end responsibilities so you can focus on growing your business. Our service includes:

Company Accounts Preparation: We'll prepare your statutory accounts in line with Companies House and HMRC requirements.

Corporation Tax Return (CT600): Full calculation and filing, ensuring all allowances and reliefs are applied.

Companies House Filing: We'll handle your annual submission so you never miss a deadline.

VAT Returns (Optional Add-On): Quarterly VAT return filing, including Making Tax Digital compliance and ongoing advice.

Ongoing Support & Tax Efficiency: From dividend planning to director’s responsibilities, we’re here with proactive, jargon-free advice.