Hi Everyone,
I started work with the UN on May 1st and am contracted for 3 months to the end of July completely remote. There is potential for it to be extended and other contracts available but not guaranteed. The contract explicitly states several times over that it does not constitute an employee employee relationship etc.
I'm wondering whether I'm best sticking to self assessment/employment, or whether I'm able to go through the LTD route? Contracts/payments are to my person.
Thank you - and please let me know if I need to supply more information.
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Replies (5)
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I'm wondering whether I'm best sticking to self assessment/employment, or whether I'm able to go through the LTD route?
Hi Jim,
You’re best taking professional advice from someone with full knowledge of you and your personal circumstances.
+1
The one-size-fits-all answers to a question like this is "It depends".
It depends on the pay rate, your work before and after this, whether you live and work in the UK.
It may depend on the nature of your work.
Notwithstanding the wording in your contract, HMRC may deem you an employee for tax purposes. Or as you are working for a treaty organisation, you *might* be outside scope of UK taxes altogether.
Definitely appreciate this answer! I think afterwards ideally would be similar work - my main reservation about is regarding whether it’s even possible to run through a company when a contract is written in someone’s name and payments go through them.. the UN will also not consider any tax implications - all my problem should issues arise. Most of these contracts are $5-6k a month if that helps.
I was very hopeful of the no-tax aspect but my reading of the contract/gov.uk suggests this isn’t the case unless fully employed, and trying to argue through their mechanism otherwise will likely complicate the ‘employed question’ further. Appreciate the angle though!
The answer you should be appreciating is the one from DavidEx.
The point is that the most appropriate structure for you to work through depends on lots of factors including the few I've listed. Your adviser should be able to discuss all of those with you.
As you’ll see I’ve used the ‘thank you’ feature for both, and mean it, though I thought I’d respond with clarifications relating to the specific points your comment raised, just in case they had any bearing on the broader question of LTD vs Self employed.
Thanks again and have a lovely weekend both!