Creating on SoSpoilt: We’ve Always Handled VAT for You

In light of recent news on other fan platforms suddenly charging VAT to consumers, we wanted to take the opportunity to reassure our Creators that SoSpoilt has always calculated any applicable VAT for you.

Since day one, we have had the financial wellbeing of our Creators at our forefront. We designed automatic VAT handling into our platform from the outset to ensure all our creators on SoSpoilt do not have to worry about potential VAT compliance issues. As registered Creators will be aware, our platform automatically handles and calculates all applicable VAT. As well as this, we ensure we provide all the necessary information that Creators need in order to easily complete their own returns if necessary.

Leading SoSpoilt creator, Michelle M says “As a UK VAT registered Creator earning over the £85k per annum threshold, SoSpoilt was the only platform where I could get proper VAT invoices and have it all handled easily for me.”

We’ve made SoSpoilt smart enough to handle all applicable VAT for you. For each transaction, our platform considers all the important stuff – such as the location of you and your fan, the type of service you’re providing, and whether you’re VAT registered – to charge exactly how much VAT is required. So, you can earn from your content with confidence.

Companies that may have not fully complied with these regulations are now potentially facing massive backdated VAT bills. On top of this, fans are being told prices will suddenly increase, to account for the VAT they should have been collecting all along.

We would hate to see Creators using platforms that may have been affected by non-compliance with UK and EU regulations be suddenly locked out of their accounts or their earnings frozen.

In these troubled times, we want to speak up and reassure SoSpoilt Creators that they can be confident that the platform they are on is in full compliance with tax rules and legislation and always will be.

We’ve made sure from the very start that SoSpoilt is a fun and secure platform for all our Creators to enjoy for many years to come.