08-10-2012, 17:49
First useful post...
(And it might be a bit harsh but it's the truth)
If you are earning money from this industry (in whatever guise - webcamming, escorting, chat etc etc) then HMRC consider it a legitimate business/trade and therefore you have to pay your share of tax. You would generally be classed as self employed in the eyes of HMRC and therefore have to register accordingly.
YES - there are lots of people in this industry who are NOT registered as self employed and therefore are not paying tax, however that is actually a criminal offence as it's called Tax Evasion and can result in a custodial sentence and criminial record - yes worst case but it does happen.
Be clued up and be smart and you can legally reduce your tax (thats called tax avoidance and is legal).
Simples really
(And it might be a bit harsh but it's the truth)
If you are earning money from this industry (in whatever guise - webcamming, escorting, chat etc etc) then HMRC consider it a legitimate business/trade and therefore you have to pay your share of tax. You would generally be classed as self employed in the eyes of HMRC and therefore have to register accordingly.
YES - there are lots of people in this industry who are NOT registered as self employed and therefore are not paying tax, however that is actually a criminal offence as it's called Tax Evasion and can result in a custodial sentence and criminial record - yes worst case but it does happen.
Be clued up and be smart and you can legally reduce your tax (thats called tax avoidance and is legal).
Simples really
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