A warning to freelancers and the self-employed everywhere - MoneySavingExpert article

[northernladuk]

I lvoe the fact that suddenly anyone can simply open a limited company to reduce their tax bill. With the Student Loans Director in the news, looks like this is really going to take off.

Hopefully this will keep the tax man busy with simple open and shut IR35 cases, and will leave us lot alone!!!

Have you had a few too many coffee's or something???

[JoJoGabor]

Eh? To clarify, I have seen several articles advising people wanting to restructure their employment arrangements to make use of a limited company, without any mention of IR35. If the masses start doing it should keep Hector busy

[TheFaQQer]

I lvoe the fact that suddenly anyone can simply open a limited company to reduce their tax bill. With the Student Loans Director in the news, looks like this is really going to take off.

Hopefully this will keep the tax man busy with simple open and shut IR35 cases, and will leave us lot alone!!!

I doubt it, but I'll offer one that they could look into.

What about the IR35 status of the IT boss at HMRC, who is paid through a Ltd company? I wonder if he'll be sending a substitute in, or whether it would be allowed....

[ThomasSoerensen]

I see this a corporate darwinism.

If you are not able to get your accounts done and pay taxes etc. then in a few short years you will be bankrupt and eliminated from the corporate universe.

Only the ones who have a bit of common sense survive.


I find it laughable that people just jump in head first without doing any research.

Bozos.

[d000hg]

What?

You mean it's difficult to understand that all the money isn't yours?

I really must be a Mensa candidate since I got that concept from day one.

Bully for you.

You seriously can't see the difference between university educated sciencey nerds and a middle-aged mum selling cross-stitch on her Wordpress site that her son built for her?

[FiveTimes]

Bully for you.

You seriously can't see the difference between university educated sciencey nerds and a middle-aged mum selling cross-stitch on her Wordpress site that her son built for her?

load of crap, both should know that they have to pay tax.

[MrRobin]

The issue here is probably that she thought she was rolling in it any future tax demand could come out of future earnings so she doesn't need to save any right now... Work dried up and she was tuliped.

Dumb? Yes, but probably what a lot of people would do, particularly the young.

[ThomasSoerensen]

The issue here is probably that she thought she was rolling in it any future tax demand could come out of future earnings so she doesn't need to save any right now... Work dried up and she was tuliped.

Dumb? Yes, but probably what a lot of people would do, particularly the young.

That does not make it any less dumb.

[cojak]

Permies are insulated from tax by PAYE. They see money in the bank every month that's theirs to spend as they like.

I'll bet most of these people didn't give tax any thought at all.

Or thought that the tax fairy took care of that for them.

[mudskipper]

What's this tax stuff? Should I be putting money aside for it?