Self employment and taxes....
- Thread starter Blue Duck
- Start date
Help Support Talk Electrician Forum:
Just for clarity the firm that I'm working for is installing the whole lot; sprinklers dampners, alarms, PA, ventilation, pumps, tanks etc etc.
The Niers is the second lot of NI and the company margin is the fee for all their hard work. ;
Holiday pay... hmmm... I told them not to bother with that!
I am confused by it all as I have had a company accountant worry about for me in the past but I'm sure it's all a scam, if you look at my salary pay its £7.50/ hr then look at additional taxable income of £195 that's the bit they left out!?
Lastly just to rub it in a bit more I'm on an emergency tax code!!! Not sure if I got a p45 from my previous employer???
Thanks again for the advice!
The Niers is the second lot of NI and the company margin is the fee for all their hard work. ;
Holiday pay... hmmm... I told them not to bother with that!
I am confused by it all as I have had a company accountant worry about for me in the past but I'm sure it's all a scam, if you look at my salary pay its £7.50/ hr then look at additional taxable income of £195 that's the bit they left out!?
Lastly just to rub it in a bit more I'm on an emergency tax code!!! Not sure if I got a p45 from my previous employer???
Thanks again for the advice!
Sharpend
"It Just Is"
The £87.78 are non taxable deductions made up of the umbrella fee, insurance and ??
You have paid the tax and NI on the gross (gross-company deductions) £609.73
your tax code is 1150L the X denotes not confirmed, the tax you pay is correct for single person allowance.
The holiday pay is I think just smoke and mirrors as you have been paid it in your taxable gross.
i would ask them what the additional pay is of £195.31 and also ask if the holiday is accrued and is it payable upon taking the holiday.
I would then ask the firm if they are JIB registered, if so then the pay rate should reflect JIB rates + holiday. I don’t know what current improver rates are?
You have paid the tax and NI on the gross (gross-company deductions) £609.73
your tax code is 1150L the X denotes not confirmed, the tax you pay is correct for single person allowance.
The holiday pay is I think just smoke and mirrors as you have been paid it in your taxable gross.
i would ask them what the additional pay is of £195.31 and also ask if the holiday is accrued and is it payable upon taking the holiday.
I would then ask the firm if they are JIB registered, if so then the pay rate should reflect JIB rates + holiday. I don’t know what current improver rates are?
Theres no way that outfit are JIB , they're an agency I believe .
Sharpend
"It Just Is"
Yes we know Duck has got the work through an agency, however if the firm is JIB then he can request JIB rate.
JIB; who?!
Not sure they'd give a flying fork about me and my problems...
FWIW JIB rate for an improver is £13.90 something which is less than I'm currently remunerated.
Not sure they'd give a flying fork about me and my problems...
FWIW JIB rate for an improver is £13.90 something which is less than I'm currently remunerated.
Sharpend
"It Just Is"
Well that really all depends on the sham holiday payment.
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