Member Since: 5th Jun 2019
Thompsons Accountancy Services Limited
27th Nov 2019
Not covered by the article but what tax implications does this have for both the Company and the Director/Shareholder. If, as in the example there is a deemed distribution of £5,077 is that taxable on the shareholder?
30th Oct 2019
That is rubbish - a lot of contractors end up with no more than they would have got as an employee, and certainly not enough to compensate for lost employment rights. 'Employers' want people to be contractors because it has, in the past, reduced their exposure to costs and saved them the secondary NIC, to believe that they are happily passing the additional 13.8% to the 'deemed employee' is, at least in my experience completely wrong.