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Short version: it's harder than it was; the dividend tax reduces the tax efficiency of the structure you adumbrate, though it still has merit; the Tories are going after this kind of arrangement because they need to pay for the failure of Universal Credit and their promises on the NHS and the self-employed are an easy target: the Liberals don't exist any more and the Unions hate self-employment because self-employed people don't pay subs to Unions, so the Corbynite wing of the Labour Party at least isn't going to oppose the Tories in having a go at squeezing more tax out of them (thereby putting many of them out of business, resulting in no tax at all and probably benefits payments instead, but there you go).

Which is a shame. Because the UK's self-employed collectively represent a uniquely flexible, expert workforce which almost no other country in Europe has on similar terms.

There are obvious piss-takes, of course, which absolutely require action on the grounds of social fairness. But the enormous bulk of self-employed people are not taking the piss.

I personally would look at Schedule D over incorporated just now. However some markets, for example IT. absolutely require incorporation: you simply can't obtain work any other way. So you're caught between those market forces on the one hand and politicians trying to pay for their own failed promises on the other. It's all good fun.

Posted By: Old Man on October 17th 2018 at 21:11:19

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