Honestscott76:
Just set up your own Limited company and work under the umbrella of that company. You will be an employee of your own company. Basically Employment with extra benefits of being a shareholder. It’s perfectly legitimate for your limited company to invoice any other company for your services, whatever those services may be.
Although you own and run your own company, you are still an employee of that company as far as HMRC rules are concerned.
Ignore FTA and scour mongers alike, they just protect the ‘big companies’. They like to deduct their drivers IncomeTax & National Insurances every week, keeping drivers on the breadline and scared of change. Just imagine how much Tax & N.I the likes of Stobarts deduct each week. If that was in my bank, I’d bung FTA to protest against self employment.
Your right honestscott, and I have seen the light. As soon as I finish this post, I’m going to write to my drivers and let them know that I have been a bad boss and from now on they will have the freedom of self-employment via their bright new shiny Ltd company. For just a bit more money, they can sort out their own tax and NI, pension, holiday, sick pay, find alternative work on the days I have none, (sheesh, have I been a mug paying them when it’s quiet), pay for their own work clothes and boots.
It is true, I do enjoy taking deducting tax and NI from their pay. I make payroll send me a breakdown of tax and NI and then they go to the bank withdraw it in cash and pile it on my desk, so I can look at all that money I don’t actually have… Of course now, I can negotiate the finance guys pay down as payroll will no longer be part of his job and the big companies can get rid of the dept that does nothing but payroll, that’ll save a few quid. And all those pesky employment rights that are conferred to an employed person, they won’t be a problem to me at all.
I’ll also explain to my top paid driver, grossed over 48k last year, how he’s on the breadline ( and me, since I didn’t earn that much last year).
Yes it’s a winning idea, I actually would be better off if my drivers went Ltd. I’ll let you know what the lads and lass say.