Paying TAX as an Escort


Unfortunately, you do have to pay TAX on earnings as an Escort but there are actually some advantages

I don’t want to frighten you and say “they’ll throw away the key if you don’t pay TAX” but you should pay, if they catch you, it will be very unpleasant and costly for you.

To start off, within the first 3 months of working, go to the Inland Revenue website (www.hmrc.gov.uk) and fill out the form which will set up your National Insurance contributions which is just a couple of Pounds a week. It’s OK to declare yourself as an Escort; you’re not doing anything Illegal.

Start jotting down your incoming and outgoing cash, more importantly your outgoings, you will be able to claim a lot of this back like any other self employed person. You can claim back on your website and website expenses, travel expenses, condoms and many other things so don’t forget to keep all your receipts and invoices.

It’s best to put away 20 – 30% each month in a savings account where you can earn a bit of interest over the year, i know it is a lot but it’s best to put away too much rather than too little, you might even have a nice little bonus at the end.

A really good advantage of being registered for TAX is that you can apply for a Mortgage after a set period of time, there are many different types of mortgages but it would be best speaking to an adviser who will find the best option for you.

These are just a few pointers; you can find a lot more details on this website. http:/www.tax4escorts.co.uk/

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