D
darag
Guest
i've recently heard that revenue have decided that they don't want contractors in certain professions (in my case, software engineering) declaring as sole traders any more and that after this tax year, they are going to clamp down on the practise. has anyone else heard that this is happening?
i've always scrupulously paid my self assessment taxes and don't see what benefit there is in forcing the likes of myself to set up one person companies in order to work on a contract/casual basis. in conversation with people in a similar work situation but who pay themselves through a one person company, the tax i pay is about the same (roughly equal to what a paye worker would pay on a salary equivalent to my gross). is there something revenue have spotted that i am not seeing?
the only issue i can think of is that revenue are losing out on employers prsi; however if i set up a company, i will be working as a director and will be exempt anyway so this doesn't seem like a plausible reason.
i've always scrupulously paid my self assessment taxes and don't see what benefit there is in forcing the likes of myself to set up one person companies in order to work on a contract/casual basis. in conversation with people in a similar work situation but who pay themselves through a one person company, the tax i pay is about the same (roughly equal to what a paye worker would pay on a salary equivalent to my gross). is there something revenue have spotted that i am not seeing?
the only issue i can think of is that revenue are losing out on employers prsi; however if i set up a company, i will be working as a director and will be exempt anyway so this doesn't seem like a plausible reason.