A prospective new client uses Patreon to receive payments. I've never heard of it. Has anyone else and are they OK ??
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Based on Lindybeige comments most youtubers have not a clue how the start point is calculated.
But is is a reward for what goes on public platform, and I would see it as trading, but with expenses that could be a challenge to quantify
Yes, I've heard of Patreon.
I don't know anyone who uses it so I couldn't give specifics of how it works.
It's a sort of voluntary subscription paid to folks on youtube who regularly put up videos on a wide variety of subjects from Military history (the history guy) or scammer baiting (Jim Browning).
Helps them with their production costs......
Yeah possibly because she's an attractive female and some men pay a subscription to watch her do whatever she wants.
That's usually how it goes.
Post a link and we can all comment
TRUST ME this will not what is intimated at
Probably good jolly entertaining clip.
It's a website where "customers" can pledge to pay you either a recurring monthly amount or a one-off amount to support whatever you're offering (commonly Youtubers or Podcast creators, but could be any kind of activity... music... modelling... animal rescue groups etc)
Quite often there will be milestones or incentive goals depending on how much is paid, so in the case of a Youtuber people could chose to pay a higher monthly fee and then would get, say, exclusive early access to videos before they go to the public on YT.
Patreon will deduct a fee from whatever is received, and the net figure is transferred to the Youtuber.
YouTube people ask (beg?) for voluntary payments using various systems, including Patreon.
I would argue there is not a sufficiently close connection between the payment and the service to constitute a supply for VAT purposes, but for Income Tax it is probably a trading receipt as the business model often relies at least partly on these voluntary payments (along with advertising, affiliate links, etc.).
It is very similar to a busker and their hat. Except these payments are not in cash so cannot be spent on drink/drugs without creating an audit trail.
Anyone ever trying asking a busker for a receipt?
I would argue there is not a sufficiently close connection between the payment and the service to constitute a supply for VAT purposes, but for Income Tax it is probably a trading receipt as the business model often relies at least partly on these voluntary payments (along with advertising, affiliate links, etc.).
When I have seen Instagram accounts inviting followers to make payments via Patreon it has been clearly stated that in exchange for the payments there is access to content they would not otherwise have access to. Those circumstances I would think do constitute a sufficiently close connection to constitute a supply. Quite what that supply is I don't know.
I would expect it comes down to the facts of each case, many receipts through Patreon are likely voluntary with no supply made whereas many will be for access to some enhanced level of content.