24. EMPLOYED OR SELF-EMPLOYED Flashcards
1
Q
what type of NIC do self-employed pay
A
class 4
2
Q
what are the factors for employment
A
mutuality of obligation
wage direct to worker
personal service (same person each time)
control (can company boss them around)
3
Q
what terms describe self employed and employed
A
contract of service (employee) and contract for service (self-employed)
4
Q
implications of being employed rather than self employed
A
more expensive NIC
pay trading income rather than employment income (PAYE)
different tests for expenses
VAT registration may be needed
5
Q
how to tell how if worker is employed or self employed? what have courts said
A
L COPPER
L length and number of engagements
C contract name
O organisation of business
P profit opportunity
P payment basis
E equipment provided
R risk to worker
