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What Counts as Sales, and What Doesn’t: A Guide for Influencers

Understanding what constitutes sales and taxable income is crucial for influencers to ensure compliance with tax obligations. This guide delves into the various sources of income that influencers may encounter, clarifies what counts as taxable and non-taxable items, and provides methods for valuing in-kind benefits. Taxable Income: Breakdown of Different Income Types As an influencer, […]

Determining Whether You Are Trading: A Guide for Influencers

Navigating tax obligations can be challenging for social media influencers, especially when determining if your activities constitute trading. HM Revenue & Customs (HMRC) defines trading as carrying out activities with the intention of making a profit. This guide provides a detailed explanation of HMRC’s criteria, real-life scenarios to illustrate trading versus non-trading activities, and a […]

Tax Compliance for Influencers: HMRC’s Nudge Letters and What They Mean

Tax Compliance for Influencers: HMRC’s Nudge Letters and What They Mean In recent years, the rise of social media influencers has brought a new dimension to the world of taxation. HM Revenue & Customs (HMRC) has taken notice and has begun issuing “nudge letters” to influencers, reminding them of their tax obligations. Understanding these letters […]