3 ms·
We do get the benefits of paying NI - SSP, state pension etc. (even without paying NI if the salary level is chosen appropriately) In the case of contractors a
by youngtaff 5y ago
We do get the benefits of paying NI - SSP, state pension etc. (even without paying NI if the salary level is chosen appropriately)
In the case of contractors are dividends really payment from capital (accounting wise yet, reality no because most take an unrealistic salary)
The dividend tax essentially compensates for the loss of Employees NI (but not employers)
I'd like to see income tax and NI merged, so unearned income (e.g. buy to let rent) and earned income are treated the same way.
No-one's making freelancing illegal, it's possible to freelance outside IR35, you just need to make sure you're not behaving like an employee (and yes that depends on the clients you work for too)