search

Self Employed Tax Advisors

Self Employed Tax Advisors

Employed or Self Employed?

The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but HM Revenue & Customs emphasises that this is not the case.

How do you decide?

Although there is no clear-cut answer to this question, HM Revenue & Customs has published a leaflet (IR56 Employed or Self Employed?), which sets out a series of questions to test the particular circumstances of any working relationship. These cover areas such as:

  • Ultimate control of the work
  • Profit element, and risk of loss
  • Provision of materials and equipment
  • Integration with the employer’s business
  • The intention between the parties
  • Usual conditions in the industry

Note, however, these are matters of general employment law, and not specific tax legislation.

In addition to the above pamphlet, HMRC has released a subsequent factsheet – ES/FS1 Employed or self employed for tax and National Insurance contributions – which provides updated advice for employees in view of the new construction industry scheme as well as managed service companies.

This latest guidance also reiterates that the responsibility for making sure it is correct remains firmly with the employer. While it replaces part of the IR56 publication, employers have been advised to refer to the original IR56 until further information is released.

For more information on  Self Employed Tax Advisors  talk to  Hackett Griffey LLP

Enquiry Form



More Products

Trust Fund Advisors

Trust Fund Advisors

Estate Planning Your estate plan Estate planning should start early in life. If your estate is large it could be subject to inheritance tax (IHT...

Read More
Book-keeping

Book-keeping

•Book-keeping are all able to be purchased from us. Please feel free to contact us on the numbers provided, or visit our website and enquire for more ...

Read More
R&D Tax Credits Advisors

R&D Tax Credits Advisors

Research & Development (R&D) Research & Development (R&D) tax reliefs are a very valuable (and often overlooked) tax break. R&D Tax Credits in part...

Read More

Read More

Read More

List your business

Would you like to register your company on one of the UK's largest and most effective Trade websites?

Are you looking for a reliable and consistent source of enquiries from your industry sector? Would you like to see why Find the Needle clients come back year after year to use our service? If so then feel free to register using the link 'here'.

Register
Office Address: