Re: Any bets?

John & Irene wrote:

"mileburner" <mileburner@xxxxxxxxxxxxxx> wrote in message news:h2hvmv$idp$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

"Jim Fisher" <spamkiller@xxxxxxxxxx> wrote in message news:h2hqeg$34f$1@xxxxxxxxxxx

"rebustion" <rebustion@xxxxxxxxxxxxxx> wrote in message news:05dcc4d0-7004-4d8f-a90d-5cc6f4d804e9@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On 1 July, 20:03, Marc <initial.surn...@xxxxxxxxxxxxxx> wrote:

HM Revenue & Customs take an appropriately dim view of "Self employed"
people who have only one client. They quite rightly regard this as an
abuse of self employed status. CCBN's declne could therefore land
Welch with a tax bill that tips him off the cliff too.

The above statement is nonsense HMRC judge self employed people on status, the amount of clients they have is irrelevant. Please don't post about something you have no knowledge of.

One of the scams that HMRC are clamping down on is so called "self-employed" people who trade as a limited company, are an employee of that company, pay themselves a nominal salary and then draw dividends, while dodging large amounts to tax and NI.
Working for one client can be a serious block to self employed status. Prior
to registering you should get the agreement of HMRC, but they can and often do
change their minds about status. Be careful!

HMRC are looking at the position in regard to the avoidance of NI and tax through dividend payments. At this moment in time this is a tax avoidance scheme rather than tax evasion.

Before anone gets into a panic about the the last statement, if you're drawing a dividend a couple of times a year and you have it minuted, even if you're not paying any salary then HMRC are not likely to be much interested.
.

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