Limited company self employed drivers

Hi lads i work as most of you s hgv class 1 for employer i pay £170 a week tax and national insurance .we get a lot of foreign agency drivers do same job on £6 an hour more as they are self employed limited company only pay a fraction in tax and small national insurance i ve heard something that hmrc are stopping these being limited company and if they through agency they hav to go paye with agency ir35 i think its called hmrc. I hope this is true as sick of hearing them bragg they on £930 a week gross ■■

I’d be surprised if agency drivers were on £6 an hour more, even self-employed.

Why do you care what someone else earns.
Well gel.

I’ve seen pay stubs from Self employed guys and they can earn over £1000 a week gross.
But they still have to pay NI and tax.
They also have to pay for an accountant.
They also don’t get any holiday pay or other benefits.

Harry Monk:
I’d be surprised if agency drivers were on £6 an hour more, even self-employed.

More than an employee of the company? It wouldn’t surprise me at all. Years ago when I did agency at Reed Boardall my basic hourly rate was the same as their overtime. Agency drivers get paid more than employees in the main and Ltd agency even more than agency PAYE, the agency I’m at paying £3-£4/hr more depending on the contract.

Yes in April AIUI, the rules are changing and it will be more difficult to claim to be self employed.

They will pay NI but the tax they pay will be minimised via the claiming of expenses and dividends, hence HMRCs interest in it.

Yes HMRC are revising how limited company self employed are really employed (IR35), but just remember that being employed means you are paid for holidays, pensions and other employed benefits the SE don’t get through their pay and any “benefit” they have in the pay is either less than an employee or takes time and money to manage the processes to get them.

gothika:
Hi lads i work as most of you s hgv class 1 for employer i pay £170 a week tax and national insurance .we get a lot of foreign agency drivers do same job on £6 an hour more as they are self employed limited company only pay a fraction in tax and small national insurance i ve heard something that hmrc are stopping these being limited company and if they through agency they hav to go paye with agency ir35 i think its called hmrc. I hope this is true as sick of hearing them bragg they on £930 a week gross ■■

Proper employers pay their employed drivers better than the agency, and yes that includes the fiddling self-employed mob.

Find yourself a better, more specialised job involving some skill sets and care with expensive and probably fragile equipment/product, the types you refer to will be noticeable by being missing or rare indeed and the tax/NI you pay will rise considerably.
In specialised work you can’t be replaced in an instant (difficult enough to find suitable people these days at all), the employer will already have found out to their considerable cost what happens when they plonk just anyone passing by with a blagged licence on the driver’s seat.

Don’t take too much notice of the here today gone tomorrow agency boasters where money is concerned, like the agency itself some will mention the absolute top pay figure which might be found on one contract over Christmas and it somehow becomes The Rate.
My few forays into agency world the money was so so to ■■■■ poor, nothing to write home about and only to keep the house ticking over until another proper job opportunity was found.

The agency lads who do well are the skilled/experienced types who take care, maybe Harry Monk would be a prime example of this, doesn’t need the money so he’ll pick and choose the premium work and rates, that’s when agency can work out good.

gothika:
Hi lads i work as most of you s hgv class 1 for employer i pay £170 a week tax and national insurance .we get a lot of foreign agency drivers do same job on £6 an hour more as they are self employed limited company only pay a fraction in tax and small national insurance i ve heard something that hmrc are stopping these being limited company and if they through agency they hav to go paye with agency ir35 i think its called hmrc. I hope this is true as sick of hearing them bragg they on £930 a week gross ■■

If their top line is £930, then that is before any tax evasion, which is unlikely to be worth £6 an hour.

Also, they obviously have no job security, and no ability to enforce that rate day after day, year after year.

If the taxman does cotton on, they’re also more likely to be long gone, whereas you won’t be.

As an aside, I’ve noticed rates increasing lately, and it’s not unusual lately to be seeing a lot more apparent Black Africans behind the wheel.

Probably the Tories’ latest wheeze to try and suppress drivers’ pay now that Brexit has deterred EU migrants, since we know non-EU immigration via visas is now at record levels and is greater than the EU migration ever was.

Rjan:

gothika:
Hi lads i work as most of you s hgv class 1 for employer i pay £170 a week tax and national insurance .we get a lot of foreign agency drivers do same job on £6 an hour more as they are self employed limited company only pay a fraction in tax and small national insurance i ve heard something that hmrc are stopping these being limited company and if they through agency they hav to go paye with agency ir35 i think its called hmrc. I hope this is true as sick of hearing them bragg they on £930 a week gross ■■

If their top line is £930, then that is before any tax evasion, which is unlikely to be worth £6 an hour.

Also, they obviously have no job security, and no ability to enforce that rate day after day, year after year.

If the taxman does cotton on, they’re also more likely to be long gone, whereas you won’t be.

As an aside, I’ve noticed rates increasing lately, and it’s not unusual lately to be seeing a lot more apparent Black Africans behind the wheel.

Probably the Tories’ latest wheeze to try and suppress drivers’ pay now that Brexit has deterred EU migrants, since we know non-EU immigration via visas is now at record levels and is greater than the EU migration ever was.

Great. When is the referendum on staying with/leaving the world? :wink:

They don’t have immigrants driving down wages in North Korea.

No one knows why.

toonsy:
Great. When is the referendum on staying with/leaving the world? :wink:

More like, when do people realise that voting Tory always means getting shafted. :laughing: