Tax Return

pdstsp

VTech wrote:

pinarello001 wrote:

pdstsp wrote:

Nothing like those numbers - they pick a small number at random but the majority are targeted at people whose return shows anomalies from the expected. For the self-employed this is things like lower profit margins than the industry standard, or higher overheads. Basically most are targeted at high risk individuals.
I act for around 200 cases and have had 3 enquiries since self-assessment was introduced.
I wouldn't worry so long as you have been honest and accurate.

Is it true that the Inland Revenue take a dim view of organisations and companies that employ people on a self employed contractual basis year after year?

Its illegal so I guess they do.

It's not illegal, but it may open up a challenge as to the contractors status as self-employed and hence lead to increased tax/National Insurance liabilities.

arran77

pdstsp wrote:

VTech wrote:

pinarello001 wrote:

pdstsp wrote:

Nothing like those numbers - they pick a small number at random but the majority are targeted at people whose return shows anomalies from the expected. For the self-employed this is things like lower profit margins than the industry standard, or higher overheads. Basically most are targeted at high risk individuals.
I act for around 200 cases and have had 3 enquiries since self-assessment was introduced.
I wouldn't worry so long as you have been honest and accurate.

Is it true that the Inland Revenue take a dim view of organisations and companies that employ people on a self employed contractual basis year after year?

Its illegal so I guess they do.

It's not illegal, but it may open up a challenge as to the contractors status as self-employed and hence lead to increased tax/National Insurance liabilities.

Good luck questioning VTechs knowledge

pdstsp

Yeah - realised as I pressed "submit" but thought hey ho what the hell.