OnlyFans and VAT
July 3, 2020
I understand from a number of clients that OnlyFans have recently sent out a text which included this statement:
As a result, OnlyFans will collect VAT as required and remit to the UK and EU tax authorities on the Creator’s behalf. As a Creator, you won’t need to fill ou...
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur - Red Adair
December 31, 2017
It's my birthday today (New Year's Day) and the older I am the more I realise that what I think is common knowledge is far from it.
Red Adair was an oil-well troubleshooter He was paid a great deal of money to extinguish oil-well fires. He charged oil companies a great deal ...
Will 2018 be the year you buy your own property?
November 26, 2017
The Chancellor's announcement in this week's Budget that first time buyers will not pay any Stamp Duty Land Tax on properties costing less than £300,000 (in London the price limit is £500,000 but it's only the first £300,000 which will be free of Stamp Duty) may be the in...
Don't treat HMRC as fools. They're not.
HMRC have huge resources and they are starting to learn how to use the internet to their advantage. They have spent £100m or more on a super-computer designed to identify those who may have paid too little (or no) tax.
They have ...