Self employed(partially) and car insurance

111222

sheramber wrote: »

You are not self employed if you have set up a ltd company.

You are employed by the limited company.

Have you taken advice on your responsibilities re corporation tax/PAYE?

You declare your income once a year?


S you emply yourself, is there really much difference between self employed and employed in this case?

Quentin

111222 wrote: »

S you emply yourself, is there really much difference between self employed and employed in this case?

As previously posted (#8), you aren't self employed! Your "employer" is the ltd company!

111222

That's what I am saying, that you employ yourself.

Quentin

111222 wrote: »

That's what I am saying, that you employ yourself.

From what you say in your posts you don't.


(Ask your accountant to explain the (not so subtle) difference between being self employed and working for a ltd company)

sheramber

111222 wrote: »

That's what I am saying, that you employ yourself.

No, the limited company employs you. You and it are two separate entities.

You do not complete self employment pages on a self assessment return.

The limited company may need to register as an employer with HMRC and deduct tax and NIC if appropriate.

The limited company also needS to complete a corporation tax return and pay any corporation tax due.

You really need to take advice if you don't want to end up in a mess.

Whatever, you are not self employed and cannot use that for your insurance.

111222

sheramber wrote: »

No, the limited company employs you. You and it are two separate entities.

You do not complete self employment pages on a self assessment return.

The limited company may need to register as an employer with HMRC and deduct tax and NIC if appropriate.

The limited company also needS to complete a corporation tax return and pay any corporation tax due.

You really need to take advice if you don't want to end up in a mess.

Whatever, you are not self employed and cannot use that for your insurance.

Ok, can I put employed then as opposed to unemployed. You guys go round in circles, you must have know fine well what I was asking.

Quentin

Your question has been answered so many times!


See #10 for the way to get a definitive answer if you don't like the ones you get here!