Director of Limited Company and freelance contracting Director of Limited Company and freelance contracting
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  1. #1

    Nervous Newbie


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    Default Director of Limited Company and freelance contracting

    Hello
    I'm the director of a limited company, which is currently dormant and I'm planning to wind up. I have the opportunity of some freelance contracting, which I don't want to run through the business and I'm confused about whether I can be both a director of a company and self employed.. Anyone have any advice?

  2. #2

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    northernladuk's Avatar
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    2 seconds on google could have answered this for you.

    LMGTFY
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  3. #3

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    Being a director isn't that relevant. You can be a director but not shareholder or employed by the Ltd, so it is only when you are either shareholder receiving dividends or employed (PAYE) that it becomes relevant and then it's only about what tax/NI is due.

    You can be employed by multiple companies at the same time (multiple PAYE) and also earn income personally (self-employed or less officially by receiving money for something such as a BTL).

    All needs taking into account on the self-assessment and in the meantime check how the various tax/NI thresholds may come into play if you have multiple income streams.

    Edit: Though you may find the option to do the freelance contracting as self-employed is not possible, depending on client being aware of potential obligations. Especially if an agency is involved. So using an umbrella may become necessary if you want to avoid using the Ltd.
    Last edited by Hobosapien; 15th April 2019 at 13:20.
    Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

  4. #4

    Still gathering requirements...


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    Default Director of Limited Company and freelance contracting

    Quick Newbie Qs : I am getting into contracting based on my skills, rates and roles I will probably get a part time time. Can I pick up multiple contracts which may result in billing multiple Clients more than 35 hours per week say?

    Thanks


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  5. #5

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    Quote Originally Posted by TechRiskPartners View Post
    Quick Newbie Qs : I am getting into contracting based on my skills, rates and roles I will probably get a part time time. Can I pick up multiple contracts which may result in billing multiple Clients more than 35 hours per week say?

    Thanks


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    No you can't. That's not allowed.
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  6. #6

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    Default Director of Limited Company and freelance contracting

    Quote Originally Posted by TechRiskPartners View Post
    Quick Newbie Qs : I am getting into contracting based on my skills, rates and roles I will probably get a part time time. Can I pick up multiple contracts which may result in billing multiple Clients more than 35 hours per week say?

    Thanks


    Sent from my iPad using Contractor UK Forum
    Why not ask your accountant?

    Just before you open your mouth and confirm his suspicions, consider whether yor accountant can live pureply on the income from you, or whether there's a remote possibility that he might have another client or two. And whether that could result in him working long weeks, like at the end of January.
    Last edited by Lance; 16th May 2019 at 08:33.
    See You Next Tuesday

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