New! Try our Instant Tax Check tool to get a quick and easy estimate of your tax liability
New! Try our Instant Tax Check tool to get a quick and easy estimate of your tax liability
At One and Only Accounts, we specialise in tax returns and accounting services for TikTok creators and digital entrepreneurs.
Whether you earn through the Creator Fund, brand partnerships, affiliate links, gifts, or TikTok-driven e-commerce, we understand the financial realities of making money on the platform. We’re here to help you stay in control.
If you earn more than £1,000 a year from TikTok or related income streams, you’re required to submit a Self Assessment tax return to HMRC.
Our expert team makes the process straightforward, helping you stay compliant, avoid penalties, and keep more of what you earn.
A TikToker is someone who creates and shares short form video content on TikTok, either as a hobby or as a way to earn money online.
With millions of active users and constant demand for new content, TikTok has become one of the fastest growing platforms for digital creators.
For many, TikTok is more than just posting videos - it’s a business.
Creators can earn income through the Creator Fund, brand collaborations, affiliate links, gifts and tips, and even product sales linked to Shopify via the TikTok pixel.
As income streams grow, so does the complexity of managing them.
Tracking earnings, expenses, and tax obligations can quickly become overwhelming, which is where our TikTok tax specialists come in.
Call us on +44 7851 074 930 to get your TikTok accounting in order today.
At One and Only Accounts, we’re a team of qualified accountants who specialise in supporting TikTok creators, influencers, and digital entrepreneurs.
We understand the unique financial setup that comes with earning on TikTok, from multiple income streams and self-employment, to platform-specific expenses that don’t always fit traditional accounting models.
From staying compliant with HMRC to identifying allowable expenses and improving your take-home pay, we provide clear, personalised support based on real-world experience.
We work with TikTok creators every day, managing income from the Creator Fund, brand partnerships, affiliate sales, gifts, and e-commerce activity.
You won’t find unnecessary jargon here, just a supportive, transparent service where you can speak openly about your income, goals, and how we can help your TikTok business grow.
If you’re a TikTok creator looking for an accountant who genuinely understands the creator economy, One and Only Accounts is here to help.
We specialise in accounting for TikTok creators and digital entrepreneurs, so we’re familiar with the tax challenges, income complexities, and compliance issues that come with earning online.
As one of the few firms offering dedicated support for TikTok creators, our goal is simple: to ensure you don’t pay more tax than you need to. From Creator Fund payments and brand collaborations to affiliate income and TikTok-driven e-commerce, we help you manage your finances and keep more of what you earn.
Our cost-effective services cover everything from bookkeeping and tax planning to full HMRC compliance support.
Whether you’re UK-based or earning income from international brands and platforms, our tax-savvy team will keep you compliant and financially in control.
Just starting out or scaling fast on TikTok? We’ll help you stay profitable, protected, and stress-free.
Call us on +44 7851 074 930 to get your TikTok tax return sorted today.
Creating content is what you love. Dealing with accounts and tax paperwork? You'd rather not!
If keeping track of income, managing expenses, or understanding your tax obligations feels overwhelming, you’re certainly not alone.
TikTok creators face unique financial challenges. from multiple income streams and irregular payments to platform-specific rules around gifts, tips, affiliate income, and brand deals.
That’s why a general accountant often isn’t enough. You need someone who truly understands how the creator economy works.
At One and Only Accounts, we specialise in helping TikTokers stay organised, compliant, and tax-efficient.
We handle the numbers, deadlines, and HMRC requirements, so you can focus on growing your account and creating content.
Want to spend less time on admin and more time doing what you do best?
We’ll help you stay in control of your finances and keep more of what you earn.
Making money on TikTok rarely follows a standard pattern. Income can come from multiple sources, paid at different times, often without a clear paper trail.
As things grow, staying on top of it all becomes harder, and that’s where a TikTok tax expert adds real value.
Rather than second-guessing what HMRC expects, you get clarity, structure, and confidence in how your income is handled:
At One and Only Accounts, we help TikTok creators make sense of their income and stay on the right side of HMRC - without the stress.
Whether you’re earning casually or building a serious business on TikTok, our tax return specialists understand how the platform pays creators and how HMRC expects that income to be reported. We focus on clarity, accuracy, and tax efficiency at every stage.
Here’s how we support you:
Speak to a TikTok Tax Expert Now
Earning income online through TikTok? We can help. Whether you’re new to self-employment or dealing with overdue tax returns, we make the process straightforward. We specialise in TikTok tax returns, providing clear advice, accurate filings, and peace of mind.
Avoid stress, penalties, or uncertainty. Speak to someone who understands TikTok income.
A TikTok tax accountant is a specialist who understands the unique financial landscape of TikTok content creators. From Creator Fund, brand partnerships, affiliate links, gifts, or TikTok-driven e-commerce, they offer tailored advice to help creators stay compliant, reduce their tax liability, and manage multiple income streams with ease.
Yes. From 1 January 2024, TikTok has agreed to share information about UK content creators with HMRC. This includes data relating to income earned through:
Yes. If you earn money from TikTok and your total income from self-employment or side hustles exceeds £1,000 in a tax year, HMRC requires you to declare it. TikTok income is treated as self-employed trading income, not casual earnings.
This includes money earned from the Creator Fund, brand deals, sponsored posts, affiliate links, gifts, tips, and sales made through TikTok Shop or linked e-commerce sites. Once you pass the £1,000 trading allowance, you must register for Self Assessment and submit a tax return declaring all relevant income and allowable expenses.
TikTok does not take 50% of all creator earnings, but it does apply a 50% platform fee to virtual gifts.
When viewers buy coins and send gifts during live streams, TikTok keeps around 50% of the coin value as a platform fee. The remaining amount is credited to the creator and can be withdrawn (subject to TikTok’s payout rules).
It’s important to note:
No. TikTok does not issue UK tax forms such as a P60 or tax return summary for HMRC.
Instead, TikTok provides earnings dashboards, payout statements, and transaction histories within your creator account. These show what you’ve been paid through features like the Creator Fund, gifts, and TikTok Shop, but it’s still your responsibility to keep records and declare the income correctly to HMRC via Self Assessment.
HMRC does not require a specific TikTok tax form. What matters is that you accurately report the income you actually received, along with any allowable expenses, by the relevant deadlines. If you’re unsure how to interpret TikTok’s statements or what needs declaring, getting professional advice can help ensure everything is filed correctly.
No, having an accountant is not a legal requirement in the UK. You’re allowed to manage your own bookkeeping and submit your own Self Assessment tax return.
However, you are legally responsible for ensuring your tax return is accurate, complete, and submitted on time. Mistakes, missed income, or late filings can lead to HMRC penalties or enquiries.
Many TikTok creators choose to work with an accountant because of the complexity of multiple income streams, platform reporting, and changing HMRC rules. While optional, professional support can reduce risk, save time, and help ensure you don’t pay more tax than necessary.
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.
Personalised Guidance: Speak one-on-one with an expert who understands the OnlyFans 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.
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.
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.
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Speak to our specialist accountants for TikTokers. Whether it's your main income or a side hustle, One and Only Accounts is here to support you with expert tax guidance every step of the way.
Give us a call on 07851 074 930, drop us a message on Whatsapp or fill in the form below.
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