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 or Android.

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

What is IR35 and do I need to worry about it?

There are loads of different tax laws in the United Kingdom. IR35 is very important to freelancers and contractors but can be a little confusing. Here, we explain simply what IR35 is and who it can affect.

Read more
decorative image of a blog

Flat rates for mileage vs actual expenses. What is better?

Self-employed individuals can use two different methods to expense business vehicle costs. Here, we investigate the positive and negatives for both methods and which one might be right for you.

Read more
decorative image of a blog

What is the EIS and how does it work?

If you are looking to invest in small and medium sized businesses, the Enterprise Investment Scheme (EIS) provides lots of tax reliefs for doing so. Here we discuss what it is and how it works.

Read more
Earnr logoDownload earnr