I am getting more and more self assessment clients, majority in the construction industry and I need your valuable advice.
As is common in the construction industry sub-contractor sector many are in and out of PAYE and self employment. I usually advise to keep their self assessment registration in case the PAYE position is short term, however I now have 3 clients who have stayed in their PAYE position for over a year. One has now been PAYE for 2 years.
Obviously they are continuing to pay Class 2, and the additional compliance is really a burden they shouldn't have.
When would you advise they de-register? Is it really bothersome for them to re-apply online? Not really, but would their UTR automatically be available to deductions again at a drop of a hat? I.e. if they de-registered and suddenly went sub-contracting again will their UTR still enable them to be deducted at 20% ?
Thank you in advance for any answers.