BRUSSELS : OnlyFans, an online platform known for adult content, should pay UK value added tax (VAT) on the full amount paid by subscribers to content creators, not only its 20 per cent cut of the fees, Europe's top court said on Tuesday, siding with Britain's tax authority.Founded in 2016 and with more t
BRUSSELS : OnlyFans, an online platform known for adult content, should pay UK value added tax on the full amount paid by subscribers to content creators, not only its 20 per cent cut of the fees, Europe's top court said on Tuesday, siding with Britain's tax authority.
OnlyFans operator Fenix clashed with UK tax authorities after they ordered it to pay VAT on all the money paid by fans between 2017 and 2020, not just the 20 per cent it took from creators for services such as collecting and distributing fees. The CJEU said the UK provision implementing EU VAT rules for online platforms is valid and that as the operator of a platform, OnlyFans is the supplier of the services provided and hence has to pay taxes on the entire sum received from a user.
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