{"id":917,"date":"2020-02-25T16:51:55","date_gmt":"2020-02-25T16:51:55","guid":{"rendered":"https:\/\/www.vivastreet.co.uk\/blog\/?p=917"},"modified":"2023-03-24T09:02:04","modified_gmt":"2023-03-24T09:02:04","slug":"sex-work-and-self-employment","status":"publish","type":"post","link":"https:\/\/www.vivastreet.co.uk\/blog\/sex-work-and-self-employment\/","title":{"rendered":"Sex work and self-employment – Managing your taxes"},"content":{"rendered":"

As with all self-employed workers from various industries, <\/span>sex workers <\/span><\/a>are subject to Income Tax and National Insurance. <\/span><\/p>\n

The tax status of sex workers has always been complex. It wasn\u2019t <\/span>until 2015<\/span><\/a> that the Government decided to start levying tax on those working in the sex industry. <\/span><\/p>\n

It is therefore important to <\/span>pay your Income Tax to avoid HM Revenue & Customs (HMRC) from billing you.<\/span><\/p>\n

It\u2019s important to stress that for some, financial taxes can be complicated. Be assured you are not alone. <\/span>
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\nHere at Vivastreet, we offer a simple guide for all self-employed sex workers who require support to help keep their finances in order, and importantly keep yourself and your money safe.<\/b><\/p>\n

Income Tax and National Insurance explained<\/b><\/h2>\n

Before you read the guide below to understand how tax works, it is important that you first register with HMRC (Her Majesty\u2019s Revenue & Customs) <\/span>here<\/span><\/a>.\u00a0 <\/span><\/p>\n

You do not need to register before you officially start work (you can register to do this at any time up to October 5th of your business’s second tax year).\u00a0<\/span><\/p>\n

This means if you first undertake self-employed work in May 2021, you will have until the following year October 2022 to register as a sole trader with HMRC.<\/b>\u00a0 <\/span>
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\nTip: <\/b>The tax year runs from 6 April one year to 5 April the following year. If you register too late you might be liable to pay penalties. <\/b>HMRC advise that you register as soon as possible.\u00a0<\/b><\/p>\n


\nIncome Tax<\/b><\/p>\n

In contrast to workers of a company, who receive payslips and will have their income tax automatically deducted, as a self-employed sex worker you will be responsible for calculating <\/span>your own<\/b> income tax.\u00a0<\/span><\/p>\n

This amount is then paid to HMRC by way of your annual tax return.<\/span><\/p>\n

Need help with working out your Income Tax? Work out your annual tax bill by using this income tax calculator below.
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