Navigating Taxes as an OnlyFans Creator: Stay Compliant and Maximise Your Earnings

The rise of digital content creation has opened up new income streams for individuals worldwide, with platforms like OnlyFans allowing creators to monetise their content effectively. However, with this financial success comes the responsibility of managing taxes correctly. In the UK, tax compliance for OnlyFans creators is no longer optional—failure to declare income can result in penalties, fines, and even withheld payments.

At One & Only Accounts, we simplify tax obligations for digital creators, ensuring you stay compliant while maximising your profits. Here’s everything you need to know about OnlyFans taxation and how we can help you navigate it with ease.

Understanding Your OnlyFans Tax Obligations 

If you earn money from OnlyFans, HMRC considers you self-employed, meaning you must:

• Register for Self-Assessment if your earnings exceed £1,000 per year.
• Pay tax and National Insurance on your earnings—unlike traditional employment, tax isn’t automatically deducted.
• Track and claim expenses to reduce your taxable income.
• Register for VAT if your income exceeds £90,000 per year.

How You Earn on OnlyFans

OnlyFans provides multiple revenue streams, including:

• Subscriptions – Monthly fees charged to fans for exclusive content.
• Tips & Private Messages – Direct payments from fans.
• Pay-Per-View & Custom Content – Higher earnings from personalised requests.
• Referral Program – Earn 5% of referred creators’ income (for the first 12 months, up to $1M).

The Importance of Tax Compliance

With increased scrutiny from HMRC, OnlyFans now requires creators to verify their tax status.
This means submitting a Unique Taxpayer Reference (UTR) to ensure earnings are properly declared.
Ignoring tax obligations can lead to: 

• Fines & Penalties for undeclared income.
• HMRC Investigations and potential backdated tax bills.
• Withheld Payments from OnlyFans until compliance is confirmed.

Key Tax Responsibilities for OnlyFans Creators

To avoid issues, make sure you: 

• Register for Self-Assessment if earning over £1,000 per year.
• Report all income, including subscriptions, tips, and referrals.
• Set aside funds for tax and National Insurance (NI):
  • Income Tax Bands:
    • £0 - £12,570: 0%
    • £12,571 - £50,270: 20%
    • £50,271 - £150,000: 40%
    • £150,000+: 45%
  • National Insurance Contributions (NICs):
    • Class 2 NICs: £3.45 per week (if profits exceed £6,725).
    • Class 4 NICs: 9% on profits £12,570 - £50,270, and 2% on anything above.
• Claim business expenses such as:
  • Equipment (cameras, lighting, laptops)
  • Editing software and content subscriptions
  • Home office costs (phone, broadband, utilities)
  • Travel and props for content creation

How One & Only Accounts Can Help

Tax doesn't have to be overwhelming. At One & Only Accounts, we offer specialist support to OnlyFans creators, ensuring you remain compliant while optimising your tax position.

 ✅ Self-Assessment Registration – We handle the paperwork for you.
 ✅ Tax Return Filing – Ensuring accuracy and avoiding penalties.
 ✅ Expense Tracking – Maximise deductions and keep more of your earnings.
 ✅ Real-Time Tax Estimates – Know exactly how much to set aside.
 ✅ Compliance Support – Avoid fines and OnlyFans payout restrictions.

Stay Focused on Your Content—Let Us Handle Your Taxes Managing your tax obligations doesn’t have to be complicated. With the right guidance, you can ensure compliance, minimise your tax bill, and focus on growing your OnlyFans business.

Get in touch today for a consultation and let’s get you sorted!