How social media influencers and content creators get taxed

Social media influencing and content creation has fast become a lucrative career. If you're working in this sector, then be sure you understand the rules on how to declare your earnings which may need to include any free promotional gifts you receive. 

This podcast episode will serve as a guide to influencers, bloggers, vloggers, content creators and everyone else in between on how HMRC will expect you to report your income. 

Access our full article which is updated regularly: https://www.ridgefieldconsulting.co.uk/tax-guides/how-social-media-influencers-and-content-creators-are-taxed/

For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/

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Chapters

• 1:11 What is a social media influencer or content creator?
• 2:11 Is there such thing as influencer tax?
• 3:00 So why is the nature of their work different when it comes to tax?
• 5:08 What are payments-in-kind and how are they treated for tax?
• 6:23 How do you determine if an influencer is trading?
• 8:10 What taxes do influencers and content creators need to pay?
• 8:26 1) Income tax
• 10:36 2) National Insurance
• 11:52 3) VAT (value added tax)
• 12:45 Can influencers and content creators claim for expenses?
• 14:56 Records that influencers should keep
• 15:25 Get help with your influencer tax return