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| *The Commerce Journal>>>United Kingdom Taxes |
Self Employed advice please? |
I am going to be working for a company but they want me to be on a self employed basis. I will have to travel 25 miles per day, in total, to and from the office-am I right in thinking that I will be able to claim 40p per mile on my tax return? I will only be working part time (15 hours a week -3 hours a day) I will be paid 拢9 per hour..so by my calculations I will need to deduct 拢50 a week for travel expenses - leaving me with 拢85 profit. Is this right as it seems that I will probably have no tax to pay as I'm allowed more than this amounts to on my tax code? Self employed can claim more expenses, however they can't claim (most) state benefits ... Advice Julie if you become self employed your tax code changes, you have to pay group 4 national insurance minimum payment currently about 拢28 every three months(of course this gives you no benefits unless you make extra voluntary payments) I would question whether this is really a self employed position. You are working the hours idctated by the employer at a rate set by them. Some companies will say you are self employed to avoid having to pay NIC's, holiday pay, sick pay, maternity pay, etc.In short, you would have to bear the cost of holidays and sickness yourself. |
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