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Re: Small Business Grant

By skippy26/3 18:53Thu Mar 26 18:53:34 2020In response to Re: Small Business Grant

Views: 227

Explain these perks of sole trader self employment compared to PAYE?

Not the tax rate, pay 20%/40% like everyone else.
Certainly not NI, paying Class 2 & 4 works out more than just paying Class 1.

The perk is I get to choose my work, for that I forgo the usual safety nets and perks like sick and holiday pay.
I accept those risks in the usual turn of things, particularly working in a volatile industry, but these govt enforced restrictions aren't the usual.

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Next article in this thread: Re: Small Business Grant by Baldman26/3 21:31Thu Mar 26 21:31:28 2020

Previous thread: HMGov's deal for the self-employed by Nigel L26/3 17:32Thu Mar 26 17:32:14 2020view thread