Starting Small Business - Accounting

ashleypride

moneypooh wrote: »

Why does that require a LTD company bill? Surely you can trade in any capacity not necessarily Ltd??

Hire LTD companies = safe from HMRC coming after you. (Instead the liability for tax matters would be on the LTD itself.)

Hire self-employed person = unsafe from HMRC coming after you if you if you are hiring people who are really disguised employee's. Unsafe from the self-employed works gaining employee rights.

moneypooh wrote: »

Still confused as I've never come across this before

It's very common in IT, and certain other sectors.

moneypooh

I don't work in IT so it's never come up before. Interesting is this the IR35 (??) thingy??

Most companies I know that aren't Ltd just trade the same way but obviously completely different for them 'in house' only. To the outside world they trade just like a Ltd company and their liabilities don't fall on anyone except themselves.

Thanks for your clarification