Earnr AI, your new tax assistant, is here. Check it out now!
Stressed by tax?
Get Earnr Pro
January 30, 2022
January 30, 2022
Tax essentials

What can you expense as an OnlyFans creator?

Anthony Allen
Anthony Allen
Like all self-employed workers, OnlyFans creators can deduct expenses from their tax bill
Earnr is the finance and tax companion for the self-employed and side hustlers. We give you more time to run your business. Download Earnr for free on iOS. Need tax advice now? Ask Earnr AI, our new AI tax assistant

Like all self-employed workers, OnlyFans creators can deduct expenses from their tax bill. This can include things like camera equipment, your phone, your laptop or computer, travel expenses, marketing costs etc. Any reasonable expense accrued that is work-related and that you can clearly account for can be claimed.

There are two main ways to claim your self-employed expenses.

Claiming the Trading Allowance

The first way is to simply claim a flat £1,000 as a self-employed trading allowance.

If you choose this to claim this allowance, you won’t be able to claim any other expenses or allowances.

Claiming business expenses

It makes more sense to claim every business expense if your total expenses are over £1,000 per tax year. Similar to what we mentioned above, if you claim expenses, you won’t be able to claim the Trading Allowance.

If you are claiming expenses, don’t forget to keep a in depth record of them, along with all your business receipts. Bank statements can sometimes work instead, but it’s best to stay on the safe side!

You claim your expenses on your Self Assessment tax return, so make sure you register for it with HMRC if this is your first one.

What are the business expenses for OnlyFans creators?

Here are 10 types of expenses that you can deduct from your tax bill:

Don’t forget that you can actually expense anything that legitimately accounts for your business costs. For more details on what HMRC will accept, take a look at their guidelines.

How Can Earnr Help?

Earnr makes OnlyFans bookkeeping easy, so that you can spend less time worrying about this kind of stuff and more time growing your business.

You can separate your OnlyFans transactions from your personal ones, track your expenses and get a real-time tax estimate so you know whether or not you need to submit a tax return.

Check it out here.

Blog Home

Related blog posts

decorative image of a blog

Submit your 22/23 Tax Return Before January 31st

January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.

Read more
decorative image of a blog

We asked Earnr AI why you should use Earnr…. here’s what it said…

We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!

Read more
decorative image of a blog
December 20, 2023
Tax essentials

Why should you submit your tax return over the Christmas period?

The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.

Read more
Earnr logoDownload earnr