It all depends on how much you think you’ll make

If it’s sub £40-50k then I’d think twice about that idea but if it’s a lot of dollar then it can be beneficial.

Caveat: HMRC are now clamping down on the big earners doing the Ltd approach such as film stars etc so it will be the next 12-18 months that sees big investigations into normal types using this method.

However, if you can prove it’s for business reasons and big money is involved that would put you up the tax brackets it can be worth the extra hassle of extra accountants fees, extra forms to fill in etc that a Ltd company brings.

FYI I’m FCCA qualified but don’t work in practice any more.

Posted By: Tony Martin, Oct 17, 21:15:51