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snowyweston
Doesn't have much of a life
Joined: Thu Apr 23, 2009 6:28 pm
Posts: 851
Location: EC1 Baby!
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So one of my agents just asked me a question that I didn't have an answer for.... " for contract work, are you Ltd or PAYE?"  If I am going to go the route of temp. contract work - what do I need to do? Do I need to setup a company so I can write invoices? How would PAYE work if I weren't an employee? Questions Questions. PS : Apologies for this rash of new threads from me - I would normally be a little calmer and do more reading - but I'm finding more and more things to think about with each passing day of unemployment, and it's getting the better of me.
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| Thu Mar 08, 2012 4:17 pm |
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mikepgood
Doesn't have much of a life
Joined: Thu Apr 23, 2009 6:23 pm
Posts: 710
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I do work for the NHS on a "consultancy" basis. I invoice them at the end of the month on headed notepaper and they pay direct into my bank account, usually on about the 18th of the month.
Not a limited company, but self employed. Not a problem as the accountant sorts everything out. Could do it yourself, but it bores me rigid and I'm a bit lazy. Plus less likely to be called in by the rev if your accontant does it and they know him.
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| Thu Mar 08, 2012 4:34 pm |
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tombolt
Spends far too much time on here
Joined: Fri Apr 24, 2009 8:38 am
Posts: 2967
Location: Dorchester, Dorset
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I would guess they're asking if you're self employed or whether you'd be temping for them and they'd sort out the tax. That's a guess though. If you're planning on doing it long term, then you'd be better off being self employed.
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| Thu Mar 08, 2012 4:35 pm |
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saspro
Site Admin
Joined: Thu Apr 23, 2009 5:53 pm
Posts: 8603
Location: location, location
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Register yourself as self employed and just invoice at the end of the week/month etc
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| Thu Mar 08, 2012 4:49 pm |
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oceanicitl
Official forum cat lady
Joined: Fri Apr 24, 2009 8:04 am
Posts: 11039
Location: London
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Or you can sign up with an Umbrella company and for a monthly fee they can do everything for you.
_________________Still the official cheeky one 
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| Thu Mar 08, 2012 5:01 pm |
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AlunD
Site Admin
Joined: Fri Apr 24, 2009 6:12 am
Posts: 7011
Location: Wiltshire
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For "Contract" work very few places will take you as self employed, they insist on Ltd company and you will have to have insurance. Doing "temp" work you can get away with self employed status. Its really no big deal to do either I've done both. As long as you pay the tax man on time an amount that looks about right they tend to leave you in piece. 
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| Thu Mar 08, 2012 6:02 pm |
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tombolt
Spends far too much time on here
Joined: Fri Apr 24, 2009 8:38 am
Posts: 2967
Location: Dorchester, Dorset
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Self employed is better for tax though.
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| Thu Mar 08, 2012 7:22 pm |
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AlunD
Site Admin
Joined: Fri Apr 24, 2009 6:12 am
Posts: 7011
Location: Wiltshire
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Depends ...... And in terms of contract work its a no go.
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| Fri Mar 09, 2012 8:21 am |
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John_Vella
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 7:55 am
Posts: 7935
Location: Manchester.
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+1, assuming that you will be working on a regular basis. _________________John Vella BSc (Hons), PGCE - Still the official forum prankster and crude remarker  Sorry  I'll behave now. Promise
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| Fri Mar 09, 2012 9:48 am |
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leeds_manc
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 8:19 pm
Posts: 5071
Location: Manchester
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self employed tax is a massive ballache.
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| Fri Mar 09, 2012 6:11 pm |
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tombolt
Spends far too much time on here
Joined: Fri Apr 24, 2009 8:38 am
Posts: 2967
Location: Dorchester, Dorset
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I just let the accountant deal with it.
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| Fri Mar 09, 2012 6:34 pm |
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rustybucket
I haven't seen my friends in so long
Joined: Thu Jun 18, 2009 5:10 pm
Posts: 5836
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+ 6.02 × 10^23 HMRC are properly, spectacularly, cosmically inept. Avoid if possible. _________________Jim
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| Fri Mar 09, 2012 7:01 pm |
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Fogmeister
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 7:35 pm
Posts: 6580
Location: Getting there
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lol! Avogadro's number. I remember that from A-level Chemistry! Lol! --- I am here: http://tapatalk.com/map.php?uvsof2
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| Fri Mar 09, 2012 11:18 pm |
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