The growing tax challenges for social media influencers

The growing tax challenges for social media influencers

When new ways of making money become popular, HMRC are always keen to ensure taxpayers are aware of their obligations – the treatment of cryptocurrency assets being a relatively recent example – though the Department is often playing catch-up to innovation. In this...
Influencers subject to tax on non-cash gifts

Influencers subject to tax on non-cash gifts

There is currently no legislation specifically targeted at social media influencers, however the fast-growing industry is very much on HMRC’s radar. Earlier this year HMRC sent nudge letters to thousands of influencers as well as gamers and online traders on...