But only an employee for tax purposes (IR35), i.e. you cannot get a tax benefit by paying yourself a minimal salary (just enough for NI social security qualific

But only an employee for tax purposes (IR35), i.e. you cannot get a tax benefit by paying yourself a minimal salary (just enough for NI social security qualification) and taking the rest in dividends from your company at a lower tax rate. It is still a contract position in other respects, such as termination (contract law applies, not employment law). Some other countries do not have this problem, because, for example, dividends are not (double) taxed at source, and people pay the same income tax rate on their total income, earned and non-earned (interest, dividends).