30th September 2006, 05:45 PM
Tom is right...
and after much talking with Inland Revenue, two facts came out
1) They don't care if you think you are self employed (they look at the criteria and decide)
2) They will then check you and your records for 7 years back and you will have to account for every day - and will have to show that tax has been paid - they will also check every company you claim to have been self employed with... they will then check all the other people who worked for these companies that claim they were self employed.. - as I said before they don't really see things as greyscale issues.
As a self employed individual you must add on Pension , Holiday, sickness, NI, Tax and of course you will have to provide your own tools and have insurance)
So an employed person as you say would be getting all these AND £55 while you would have to charge £100 to make sure you were covering all these things...
The challange is set... can anyone try and prove they can be a self employed digger
"No job worth doing was ever done on time or under budget.."
Khufu
and after much talking with Inland Revenue, two facts came out
1) They don't care if you think you are self employed (they look at the criteria and decide)
2) They will then check you and your records for 7 years back and you will have to account for every day - and will have to show that tax has been paid - they will also check every company you claim to have been self employed with... they will then check all the other people who worked for these companies that claim they were self employed.. - as I said before they don't really see things as greyscale issues.
As a self employed individual you must add on Pension , Holiday, sickness, NI, Tax and of course you will have to provide your own tools and have insurance)
So an employed person as you say would be getting all these AND £55 while you would have to charge £100 to make sure you were covering all these things...
The challange is set... can anyone try and prove they can be a self employed digger
"No job worth doing was ever done on time or under budget.."
Khufu