Isle of Man/self employed questions

[Hector]

Hi,

Before I set out...I want to point out that I'm not trying to avoid tax in any way...simply maximise my income.

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

[fridge]

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

The GF has a friend whos on a contract and a nurse working outsde Ir35 so how does that work?

[BrilloPad]

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

I think the Labour Government(Oxymoron?) is doing enough of this already.

[BrilloPad]

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

Ands perhaps you could define "fair". There are soooo many rukes and regulations. Why not simplify it a bit?

[Skillo]

If you want to go IOM the best(only) way is montpelier.

Alot of people here dont like them - but I do.

Have you read the Sanzar thread?

How do they function outwith the clutches of Hector; Interested in a new scheme having been out of the UK for 3 years and moving on to next European destination. marks out of 10?

[LisaContractorUmbrella]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

[ThePhoon]

Iom

You need to bear in mind that setting up a company registered in IOM that is not based there is illegal! whilst being an attractive and lucrative option, it represents a very high risk level!

[Skillo]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

So what scheme do you use?

[THEPUMA]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

It can't be an MSC. Who would be the MSC Provider?

[BrilloPad]

You need to bear in mind that setting up a company registered in IOM that is not based there is illegal! whilst being an attractive and lucrative option, it represents a very high risk level!

This is just not true. it is a risk - but not high risk.