OnlyFans and other online platforms must collect value-added taxes on all funds generated by creators on their sites, an adviser to the European Union’s top court said in an opinion published Thursday.
Fenix International Limited, which operates social media site OnlyFans, is pitted in a case against Her Majesty’s Revenue & Customs, the UK tax authority.
Fenix charges OnlyFans creators 20% of the sums paid by their fans by way of a deduction, and it charged and accounted for value-added tax on the basis of that 20% deduction, according to a news release accompanying the decision.
HMRC took the position ...
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