Ltd Companies and Sel Employed -

[geoffreywhereveryoumaybe]

I didn't realise there was the ability to record self employment income on the self assessment return.

I have operated as a director of a limited company for decades. So what are the advantages (if any) of operating as a limited company as opposed to a sole trader recording self employment income as part of self assessment?

[Pondlife]

I didn't realise there was the ability to record self employment income on the self assessment return.

I have operated as a director of a limited company for decades. So what are the advantages (if any) of operating as a limited company as opposed to a sole trader recording self employment income as part of self assessment?

Limited liability
Dividends without NI
A legal entity between you and the client/agency that they will deal with so that they are not liable for any employment taxes you decide not to pay

[Mordac]

I didn't realise there was the ability to record self employment income on the self assessment return.

I have operated as a director of a limited company for decades. So what are the advantages (if any) of operating as a limited company as opposed to a sole trader recording self employment income as part of self assessment?

[northernladuk]

Well at least you picked the right part of the forum to admit your utter incompetence.

[eek]

Limited liability
Dividends without NI
A legal entity between you and the client/agency that they will deal with so that they are not liable for any employment taxes you decide not to pay

Ability for agencies to find work for you without putting you on a payroll...