Why TikTok Creators are Getting Massive Tax Bills (And How to Avoid Them)

Making money on TikTok but worried about your tax situation? Most creators come to us when they've hit the £90k VAT threshold and are properly panicking about what to do next.

Here's what we cover in this video:

- When your TikTok earnings become taxable (it's £1,000, not when you fancy declaring it)
- The three ways TikTok pays creators and what each means for your tax bill
- Why telling HMRC "I haven't taken the money out of TikTok yet" won't work
- Sole trader or limited company - what actually makes sense for you
- The VAT mess that TikTok creates and why they won't help you sort it
- How to avoid backdating your VAT registration and the massive penalties that come with it

TikTok income swings all over the place. You might earn £1,000 one month, £20,000 the next, then drop back to £5,000. Without proper planning, you could end up with a tax bill that wipes out months of earnings.

We work with content creators every day - from people making their first grand to those turning over millions. We know exactly how HMRC treats TikTok income and what you need to do to stay on the right side of them.

If you want to get your TikTok taxes sorted properly, book a free call with us.

Book a call here https://www.captureaccounting.com/book-a-call

Видео Why TikTok Creators are Getting Massive Tax Bills (And How to Avoid Them) канала Capture Accounting