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OnlyFans Tax Returns...

Let One & Only Accounts handle your HMRC tax returns, so you can focus on creating incredible content.

Whether you're new to the platform or earning six figures, filing your OnlyFans tax returns doesn’t have to be stressful.

If you've earned more than £1,000 per year on OnlyFans, you need to submit your tax return. 

Our team makes it simple to stay compliant, avoid HMRC penalties, and keep more of what you earn.

Got a question? Whatsapp us now!
Young OnlyFans Content Creator

Should I Declare My OnlyFans Income to HMRC?

Yes! All income from OnlyFans must be declared to HMRC. That includes everything you earn, not just subscriptions.

HMRC treats your OnlyFans work as self-employment, which means you're responsible for reporting all earnings, including:

  • Subscription fees: What fans pay to access your content
  • Tips: Voluntary payments or bonuses from subscribers
  • Gifts: Cash gifts or money sent through other platforms
  • Other income: Brand deals, affiliate links, shoutouts, or promo work


If you don't declare your income, you could face fines, backdated tax bills, or even legal action.

Keeping good records and filing your tax return correctly is key to staying out of trouble. At One and Only Accounts, we are here to help.

Certificate of Incorporation

Should I Set Up & Trade as a Limited Company?

Setting up a limited company can be a smart move for OnlyFans creators looking to boost their tax efficiency. But it’s not always the right fit for everyone.

Benefits of a limited company:

  • Lower tax rates: You’ll pay Corporation Tax, which is usually lower than personal income tax.
  • Flexible income: You can pay yourself through a combination of salary and dividends to reduce your overall tax bill.
  • More financial control: A company structure allows for better management of income and business expenses.

Things to consider:

  • Extra admin: You’ll need to file both company and personal tax returns each year.
  • VAT obligations: If your income exceeds the threshold, you may need to register for VAT.
  • Greater responsibility: Limited companies come with stricter legal and accounting requirements.

If you're just starting out, working as a sole trader is simpler. But as your earnings grow, a limited company may be more tax-efficient. Whatever stage you're at, we can help you choose the right setup and keep everything HMRC compliant.

HMRC Inspector

What Happens During an HMRC Investigation?

If HMRC suspects you’ve under-reported your income, including earnings from platforms like OnlyFans, they can launch a formal investigation.

In serious cases, you may receive a COP9 letter. This is HMRC’s way of offering you a chance to come clean about any undeclared income or tax mistakes through the Contractual Disclosure Facility (CDF).

Here’s what that means:

  • You’ll be asked to make a full and honest disclosure of all income and errors
  • If you cooperate fully, you can often avoid criminal prosecution
  • HMRC may still apply penalties and interest, but coming forward early helps reduce them

Online income is under increasing scrutiny, and HMRC actively monitors digital platforms. If you’re worried about your tax history or have received a COP9 letter, it’s important to get expert support immediately.

We’re here to guide you through the process and help protect your income, and your peace of mind.

Tax Inspection

Full Cooperation & Transparency is Critical

If you’re being investigated by HMRC, honesty and openness are absolutely essential.

By fully cooperating, you show that you're acting in good faith, and that can make a big difference when it comes to the outcome.

Here’s why it matters:

  • Disclose Everything: HMRC expects a complete breakdown of all your income, including OnlyFans, tips, gifts, or any other digital earnings.
  • Reduced Penalties: If you’re upfront, HMRC is more likely to treat it as a civil matter, which usually means lower fines.
  • Avoid Criminal Charges: Holding back information or being uncooperative can lead HMRC to escalate the case, potentially turning it into a criminal investigation.


It might feel overwhelming, but full transparency is often the quickest and safest way to resolve things and move forward. Getting the right advice early on can make all the difference.

Two Female Content Creators

How to Cooperate with HMRC

If HMRC contacts you, how you respond matters. Professional, clear communication can make the process smoother, and protect you in the long run.

Here’s how to stay on top of it:

  • Keep Detailed Records: Save all emails, letters, and notes from phone calls. A clear paper trail helps prevent confusion later.
  • Use Secure Channels: Always send documents using secure email or encrypted file-sharing platforms.
  • Stay Calm and Professional: A polite, businesslike tone goes a long way. HMRC is more likely to work with you if you’re respectful and responsive.


Responding promptly and staying organised shows HMRC you’re serious about getting things right, and can help bring faster resolution.

Speak to an OnlyFans Tax Return Expert Now

Earning on OnlyFans? Whether you’re filing for the first time or dealing with HMRC questions, we make tax simple. At One and Only Accounts, we specialise in OnlyFans tax returns, giving you expert advice, accurate filings, and peace of mind.

Don’t risk fines or delays. Speak to a tax expert today.

Call us on +44 7851 074 930, drop a message on WhatsApp or complete the enquiry form below. 

Got a question? Whatsapp us now!
Frequently Asked Questions

Is OnlyFans classed as self-employed?

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

Does OnlyFans report income to HMRC?

Earnings from platforms like OnlyFans are 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 OnlyFans?

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 team for expert advice.

Can OnlyFans be a tax write off?

As an OnlyFans 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.

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