Are you a Twitch streamer or Youtuber? Do you play esports for money? Then you might be wondering whether esports tax applies to you. Unfortunately, even the world of online gaming and streaming is not free from tax! <\/p>\n\n\n\n
If you\u2019re based in the UK and receive money from Twitch donations and advertising revenue, or if you get paid from working in esports, then you might have to pay tax on this income. If you don\u2019t, you could end up in trouble with HMRC. You might even face some hefty fines<\/a> as a result!<\/p>\n\n\n\n Here’s everything you need to know about esports tax in the UK.<\/p>\n\n\n\n In most cases, if you earn extra money from streaming, gaming and\/or advertising revenue, you\u2019ll need to inform HMRC and file a Self Assessment tax return.<\/p>\n\n\n\n In the UK, everyone can earn up to \u00a312,570 in a single tax year, without having to pay Income Tax<\/a>. However, it\u2019s a common misconception that this figure applies to every different job you might have. That\u2019s not true! <\/p>\n\n\n\n For example, you could earn \u00a310,000 in a year from your main job, and \u00a39,000 from your esports side gig. In the eyes of HMRC, you\u2019ll have earnt \u00a319,000 overall and will have to pay tax.<\/p>\n\n\n\n If you\u2019re unsure whether you need to pay esports tax, you can use our handy income tax calculator below!<\/p>\n\n\nHow do I know if I need to pay esports tax?<\/h2>\n\n\n\n