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Thread: UK Girls I'm looking for an accountant and some VAT advice....

  1. #1
    Senior Member ArtsyScarlett's Avatar
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    Default UK Girls I'm looking for an accountant and some VAT advice....

    Hey,

    I'm looking for a sex positive accountant in the UK, location isn't massively important as having someone that has dealt with adult workers before is worth it. (Plus it's business mileage anyway!)

    Also interested to talk to anyone who has had to register for VAT and how that has affected them, I am in an awkward position being an SM girl and not being able to charge them VAT...

    Thanks in advance ladies!

    xx
    Me after an hour on SM...



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  2. #2
    God/dess sexysusie's Avatar
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    Default Re: UK Girls I'm looking for an accountant and some VAT advice....

    You don't need to register for VAT unless you earn over £81,000. And if you did you would not be charging vat to sm or anyone else, just paying it on your earnings x
    "If you want to earn more, learn more" ~ Zig Ziglar




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    God/dess Vlodina's Avatar
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    Default Re: UK Girls I'm looking for an accountant and some VAT advice....

    Sm already charges applicable customers VAT on your behalf. It's in the small print before they hit private.

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    Senior Member ArtsyScarlett's Avatar
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    Default Re: UK Girls I'm looking for an accountant and some VAT advice....

    Quote Originally Posted by sexysusie View Post
    You don't need to register for VAT unless you earn over £81,000. And if you did you would not be charging vat to sm or anyone else, just paying it on your earnings x
    £83,500 now and with the way the pound is going that number is getting ever smaller!

    I also understand how VAT works but was wondering how large studio would deal with this issue, VAT isn't set up to be paid out of your profit it is set up to be passed onto the consumer.

    I cannot believe that a studio like dailypay eats 20% of their income, it literally would not be possible. Usually as a contractor you would simply charge VAT to the company you are contracting for and they would, as Streamate do, pass that cost onto the end consumer. In this case Streamate has a section in their performer agreement stating that they will not pay VAT to any performers plus the issue obviously arises due to the digital nature of the product and the location of sale etc. I was hoping that someone would have some inside info on how a large studio would deal with this issue as it is almost certain that they would cross the income threshold for VAT and simply wouldn't be able to function without passing that cost on. The idea of paying 60% tax is distressing to say the least...

    P.s. Hence my need for an accountant who has dealt with this industry or a similar one before...
    Me after an hour on SM...



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    God/dess sexysusie's Avatar
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    Default Re: UK Girls I'm looking for an accountant and some VAT advice....

    Are you thinking of running a studio? If you're just a camgirl I've no idea why you'd be worrying about this as no one is charged vat by the camsites and we don't have to charge it to anyone either. We just pay tax on our earnings through self assessment.

    The original daily pay do pay VAT as far as I know but no idea how that works. Perhaps Katy from boleyn models would have more of an insight from that side of things.
    x
    "If you want to earn more, learn more" ~ Zig Ziglar




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    Senior Member ArtsyScarlett's Avatar
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    Default Re: UK Girls I'm looking for an accountant and some VAT advice....

    Thanks everyone. I think I will need to go find an accountant near me, let the hunt begin!

    As for Boleyn sadly, or luckily, for them they are US based so won't have to deal with VAT.
    Me after an hour on SM...



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  9. #7
    God/dess sexysusie's Avatar
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    Default Re: UK Girls I'm looking for an accountant and some VAT advice....

    Pm'd you accountant details x
    "If you want to earn more, learn more" ~ Zig Ziglar




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