Quote:
Originally Posted by Mike Harte
chilli, we in the UK have a tax regime that from memory is called an IR 35 for those that provide their labours via limited service companies. It is basically supposed to stop self-employed workers from just providing services of one kind or another to just one company, and then paying themselves very little salary and/or just dividends which means that they escape having to pay National Insurance, and potentially a lower rate of Income Tax.
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Not quite Mike. You can set up a company and then, rather than pay yourself a wage, you can issue dividends. Currently it makes little difference with the tax levels in the UK but normally you'd expect corporation tax to be less than income tax.