freelance and VAT

Out of context: Reply #3

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• johnnnnyh0

  If you're limited you need to get insurance by law.
  Limited is OK but there are less tax efficiencies than there used to be. The actual tax saving is more like 1-2% not 12%. There are benefits of being a company and it does look better - but you must file accounts and keep up with company legislation. VAT is mandatory over a certain limit anyway. You could opt for a fixed VAT amount now, which may help cash, flow rather than calculating it each 1/4.

  johnnnnyh 0Permalink

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  • In terms of saving. Ae you talking about corporation tax? I'm talking dividends as a shareholderbabaganush

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