OnlyFans Tax Strategy
Fenix International Limited owns and operates the website OnlyFans (www.onlyfans.com) ("OnlyFans" or the "Company"), a subscription based social platform that empowers creators and fans.
This statement is made pursuant to our Company values, and in line with our statutory obligations under Schedule 19 of the UK Finance Act 2016 for the financial year ending 30 November 2025. This document is designed to give stakeholders visibility into OnlyFans approach to:
- tax governance and risk management
- tax planning
- tax risk
- engaging with HMRC
The tax representative company in the UK is Fenix International Limited. This document is reviewed annually.
Background
OnlyFans is a UK founded and headquartered business, with subsidiaries in the U.S and Poland. We comply with our legal and ethical obligations to pay the correct amount of tax due in all of the jurisdictions in which we operate.
We are proud of our significant tax contribution to the UK economy. In the UK, we pay direct taxes that arise from the operation of OnlyFans. In addition, OnlyFans remits indirect taxes that arise from the provision of its platform to UK consumers.
Total UK Tax Contribution for the financial year ending 30 November 2023 was
£136.3 million *.
*Comprises the taxes we paid in the period on our UK operations. Taxes paid include corporate income taxes on profits, as well as other direct and indirect taxes levied on our activities.
Tax Governance and Risk Management
OnlyFans takes a proactive approach to tax governance and risk management. We continuously identify, monitor, and manage tax risks on a global basis to ensure compliance with all relevant tax laws and regulations. You can find out more about our compliance with global Tax laws and regulation in our Tax Policy. OnlyFans' finance team is primarily responsible for the implementation of the Company's tax compliance and ensuring that appropriate procedures and controls are in place to comply with our legal and regulatory obligations. Tax governance and tax risk management is regularly reviewed by our Finance Compliance Committee ("FCC"). The FCC is responsible for ensuring accurate financial accounting and governance oversight, which is externally audited by the Company's independent auditors.
Tax Planning
OnlyFans is a global business and we fully comply with the applicable tax laws and regulations in the jurisdictions in which we operate. Due to the complex nature of international tax requirements, we seek professional advice from external legal, tax, and financial advisers to ensure compliance with these obligations.
We adopt a well-structured tax strategy which supports business growth while ensuring compliance and financial stability. OnlyFans takes a conservative and balanced approach to tax planning which focuses on long-term value creation and leveraging legal tax incentives. Where appropriate OnlyFans relies on government-sponsored tax incentives such as R&D Tax Credits.
We are proud to leave a global economic footprint, ensuring that profits are taxed fairly in countries where value is created. We follow the OECD guidelines on transfer pricing, ensuring intercompany transactions are properly structured and on an arms-length basis.
Tax Risk
OnlyFans seeks to identify, assess and manage tax risks and to account for them appropriately. We adopt a fluid but conservative approach to tax risk which balances responsiveness to changing tax laws and regulations with a conservative and compliance-first mindset that minimizes unnecessary risks.
This strategy ensures OnlyFans remains agile enough to adapt to evolving tax landscapes and while maintaining compliance with applicable and regulation law.
Engaging with HMRC
A strong and transparent relationship with HMRC is essential for ensuring compliance, reducing tax risks, and maintaining the Company's financial and operational stability.
As a "large business", Fenix International Limited is subject to specific tax compliance obligations with HMRC. This classification has additional reporting requirements particularly in areas like tax governance and risk assessment.
In keeping with our commitment to ethical business practices and corporate responsibility, we ensure full and frank disclosure in our financial reporting to HMRC.
Last updated: Mar 21, 2025