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  • cloughie
    Full Member
    • Dec 2011
    • 22129

    Originally posted by MrGongGong View Post
    Not really
    but i'm also wondering what these "generous tax reliefs for the self-employed" are?
    Well you have mentioned it!

    Don't know - I've never been self-employed!

    Comment

    • teamsaint
      Full Member
      • Nov 2010
      • 25211

      Originally posted by MrGongGong View Post
      Not really
      but i'm also wondering what these "generous tax reliefs for the self-employed" are?
      Ask your accountant, who is doubtless an expert.

      Because I really can’t bothered . But it is a fact that self employed status is tax advantageous compared to PAYE.
      I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

      I am not a number, I am a free man.

      Comment

      • teamsaint
        Full Member
        • Nov 2010
        • 25211

        Originally posted by MrGongGong View Post


        Sick pay
        Paid holidays
        and the rest ?

        I'm not complaining
        Those are nothing to do with tax reliefs.

        Self employment has advantages, ( generous tax reliefs) and disadvantages, ( no sick pay).

        ( I have done 20 years self employed, and 3 years as a tax manager at HMRC,so I do actually know whay I’m talking about on this).
        I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

        I am not a number, I am a free man.

        Comment

        • MrGongGong
          Full Member
          • Nov 2010
          • 18357

          Originally posted by teamsaint View Post
          Those are nothing to do with tax reliefs.

          Self employment has advantages, ( generous tax reliefs) and disadvantages, ( no sick pay).
          "Generous tax relief" ????

          Where ?

          I've no problem with paying tax
          it all depends on how one works (and what one considers "work" to be)

          Actually I have dual status sometimes ... I don't think I pay more tax on the PAYE work I sometimes do

          All a bit OT though
          Looks like we might actually get this Brexshit nonsense cancelled after all which will be a great benefit to culture

          Comment

          • Judith Robbyns

            "Ask your accountant, who is doubtless an expert."

            Never having been self-employed, I've never needed an accountant. I imagine their services aren't free?

            Comment

            • teamsaint
              Full Member
              • Nov 2010
              • 25211

              Originally posted by MrGongGong View Post
              "Generous tax relief" ????

              Where ?

              I've no problem with paying tax
              it all depends on how one works (and what one considers "work" to be)

              Actually I have dual status sometimes ... I don't think I pay more tax on the PAYE work I sometimes do

              All a bit OT though
              Looks like we might actually get this Brexshit nonsense cancelled after all which will be a great benefit to culture
              Self employed people get tax relief on all business travel. PAYE People don’t get tax relief for travel to their place of work. That is a more generous tax relief.

              As an example...
              I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

              I am not a number, I am a free man.

              Comment

              • teamsaint
                Full Member
                • Nov 2010
                • 25211

                Originally posted by Judith Robbyns View Post
                "Ask your accountant, who is doubtless an expert."

                Never having been self-employed, I've never needed an accountant. I imagine their services aren't free?
                Not usually.
                I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

                I am not a number, I am a free man.

                Comment

                • Richard Barrett
                  Guest
                  • Jan 2016
                  • 6259

                  Originally posted by Judith Robbyns View Post
                  I imagine their services aren't free?
                  No, but they are a tax write-off!

                  Comment

                  • teamsaint
                    Full Member
                    • Nov 2010
                    • 25211

                    Self-employment can be hard work because as well as doing your job, you also have to be a business owner dealing with...


                    Free advice on the income tax advantages of self employment.
                    I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

                    I am not a number, I am a free man.

                    Comment

                    • teamsaint
                      Full Member
                      • Nov 2010
                      • 25211

                      Originally posted by muzzer View Post
                      Indeed. What are these more generous tax reliefs for the self-employed?
                      See my post above.

                      Self employed people can set many costs against their income, for example a proportion of buying and running a car, and other capital items, in ways not available to PAYE ( Schedule E ) employees . Many groups of workers have fought hard to keep their Self employed ( Schedule D )status, because of the tax advantages.
                      Of course not everything about SE is advantageous, but tax certainly is.
                      I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

                      I am not a number, I am a free man.

                      Comment

                      • MrGongGong
                        Full Member
                        • Nov 2010
                        • 18357

                        Comment

                        • Dave2002
                          Full Member
                          • Dec 2010
                          • 18025

                          Originally posted by MrGongGong View Post

                          Comment

                          • muzzer
                            Full Member
                            • Nov 2013
                            • 1193

                            Originally posted by teamsaint View Post
                            See my post above.

                            Self employed people can set many costs against their income, for example a proportion of buying and running a car, and other capital items, in ways not available to PAYE ( Schedule E ) employees . Many groups of workers have fought hard to keep their Self employed ( Schedule D )status, because of the tax advantages.
                            Of course not everything about SE is advantageous, but tax certainly is.
                            As you will know, there are historic reasons for much of this, for example sectors such as oil and gas still feature a large number of supposed contractors who on application of the relevant tests would likely be deemed to be employed, starting from scratch. Also generally there is the sense that those of us who are self employed bear the commercial risk of getting work, unlike an employee (risks of losing one’s job notwithstanding), who is guaranteed work, can take holiday without the risk of losing work.

                            The reliefs point I would say is moot. Employees pay tax on private medical insurance, it being a deductible expense for the self employed. But the cost of buying cover in the market is higher for the self employed than a sizeable employer. Swings and roundabouts.

                            This is all OT vis a vis the EU. The simple fact is however that much of the family leave law from which Uk employees benefit would not exist had the U.K. not been a member of the EU. Uk governments have, during the 25 years I’ve been an employment lawyer, consistently resisted matching the benefits enjoyed in other member states. That a Tory minister can get away on national tv unchallenged with claiming the U.K. has superior employment protection just shows you how crass is the debate, and how uninformed the main stream media.

                            Comment

                            • teamsaint
                              Full Member
                              • Nov 2010
                              • 25211

                              Originally posted by muzzer View Post
                              As you will know, there are historic reasons for much of this, for example sectors such as oil and gas still feature a large number of supposed contractors who on application of the relevant tests would likely be deemed to be employed, starting from scratch. Also generally there is the sense that those of us who are self employed bear the commercial risk of getting work, unlike an employee (risks of losing one’s job notwithstanding), who is guaranteed work, can take holiday without the risk of losing work.

                              The reliefs point I would say is moot. Employees pay tax on private medical insurance, it being a deductible expense for the self employed. But the cost of buying cover in the market is higher for the self employed than a sizeable employer. Swings and roundabouts.

                              This is all OT vis a vis the EU. The simple fact is however that much of the family leave law from which Uk employees benefit would not exist had the U.K. not been a member of the EU. Uk governments have, during the 25 years I’ve been an employment lawyer, consistently resisted matching the benefits enjoyed in other member states. That a Tory minister can get away on national tv unchallenged with claiming the U.K. has superior employment protection just shows you how crass is the debate, and how uninformed the main stream media.
                              My point was precisely that their are indeed advantages and disadvantages of self employment and employment. More generous tax reliefs under schedule D than Schedule E are an advantage of self employment .
                              I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.

                              I am not a number, I am a free man.

                              Comment

                              • Serial_Apologist
                                Full Member
                                • Dec 2010
                                • 37715

                                Originally posted by muzzer View Post
                                That a Tory minister can get away on national tv unchallenged with claiming the U.K. has superior employment protection just shows you how crass is the debate, and how uninformed the main stream media.
                                Peter Oborne's recent acknowledgements of right-wing bias in the mainstream media, broadcasters as well as newspapers, have become hot property for those of us on the left who have long been proclaiming such:

                                Comment

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