Self employed

[Hamid123]

Hello Seniors,

I am doing two jobs one as a security officer and secondly as a taxi driver.

I have university degree from UK.

Please guide me AM I apply for HSMP.

Thanks

[ChetanOjha]

Hello Seniors,

I am doing two jobs one as a security officer and secondly as a taxi driver.

I have university degree from UK.

Please guide me AM I apply for HSMP.

Thanks

To start with check your points in PBS calculator.

[John]

You are thinking of applying for HSMP? Well you can't, it has been abolished, for new applicants.

Tier 1 (General)? You need to check how many points you have.

[Hamid123]

Ok i will check but the question is do they will accept security and taxi work as a HSMP?

Please guide me

thanx

[k820]

Hi Hamid

Have you got master?

if yes then as long as you you getting 75 points, as far as i know there is no issue working as security guard and taxi driver
senior pls commet if i am wrong

[Hamid123]

Hello, k820

Yes i have master degree from uk

Not sure but when i applied for self employee i clearly mention on form the nature work is taxi driver. they issued me self employee registation no.

Little doubt might be they will refused bez of taxi driving is not skill job.

what you do you think..... pls reply.

[ChetanOjha]

Hello, k820

Yes i have master degree from uk

Not sure but when i applied for self employee i clearly mention on form the nature work is taxi driver. they issued me self employee registation no.

Little doubt might be they will refused bez of taxi driving is not skill job.

what you do you think..... pls reply.

Tier-1 does not gauge you on your skills but points. If you score enough points i.e. 75 and provide satisfactory evidences of your earnings/points you should be fine.

[John]

Little doubt might be they will refused bez of taxi driving is not skill job.

Don't mention that to a London taxi driver! It takes years to learn "the knowledge"!

[ChetanOjha]

Little doubt might be they will refused bez of taxi driving is not skill job.

Don't mention that to a London taxi driver! It takes years to learn "the knowledge"!

[Hamid123]

Ok, thanx for reply i got private hire licence which is very easy to get.

[Sushil-ACCA]

Hello Seniors,

I am doing two jobs one as a security officer and secondly as a taxi driver.

I have university degree from UK.

Please guide me AM I apply for HSMP.

Thanks

Better form a company

benefit - tax 21% ( less than sole trader )

better control and in presentation.

NEVER GO FO SOLE TRADER (Tax is main reason)

[John]

Sushil-ACCA, if you don't mind me saying, that is a bit of an over-simplification. Lots of other issues to take into account, ranging from amount of profit, how to extract money from the company, and even possible IR35 issues.

[Sushil-ACCA]

Sushil-ACCA, if you don't mind me saying, that is a bit of an over-simplification. Lots of other issues to take into account, ranging from amount of profit, how to extract money from the company, and even possible IR35 issues.

If some one is carring geniune business IR35 should not be a issue ,

in all cases Company form of business is best , but still most of our friends go for sole trading structure , due to ignorance of tax implication.

only sole trader is good and there s no choice when credit rating is issue and applicant is not postion to open company business a/c

[high_aimer]

In simple words, it doesn't matter whether you are on a board of directors or driving a taxi. You are eligible to apply for Tier1 as long as you have got required points.

[John]

Sushil-ACCA, again you are over-simplifying tax matters, particularly about IR35.

Now I am not disagreeing with you that in many cases operating through a limited company is better, from the tax point of view, but nevertheless it is necessary to consider each person individually. In particular, how to extract money out of the company, and the NI implications of that?

[Sushil-ACCA]

Sushil-ACCA, again you are over-simplifying tax matters, particularly about IR35.

Now I am not disagreeing with you that in many cases operating through a limited company is better, from the tax point of view, but nevertheless it is necessary to consider each person individually. In particular, how to extract money out of the company, and the NI implications of that?

You may disagree with me , nothing wong in it but still disadvantages are more than advantages of sole trader business compare to company structure

this basics we learned when we started business education and they are there will be there

for geniune business IR35 IS NOT a issue - even HMRC accepts this

[Hamid123]

Sushil-ACCA

I am working with company and company is giving me checq every month bez i am working on accounts job for example school run and cash which i can show through bank statements. it is okey to do. please reply

[Sushil-ACCA]

Sushil-ACCA

I am working with company and company is giving me checq every month bez i am working on accounts job for example school run and cash which i can show through bank statements. it is okey to do. please reply

So long you take cheque you r fine , if direct transfer in bank , best ,

in case of cheque try to keep photo copy of cheque rcd to avaoid query of who gave cheque in future from HO

[rice_porridge]

Hello Seniors,

I am doing two jobs one as a security officer and secondly as a taxi driver.

I have university degree from UK.

Please guide me AM I apply for HSMP.

Thanks

Better form a company

benefit - tax 21% ( less than sole trader )

better control and in presentation.

NEVER GO FO SOLE TRADER (Tax is main reason)

Oh yeah, tax 4 sole traders is high. it ripped me off.

[Sushil-ACCA]

Hello Seniors,

I am doing two jobs one as a security officer and secondly as a taxi driver.

I have university degree from UK.

Please guide me AM I apply for HSMP.

Thanks

Better form a company

benefit - tax 21% ( less than sole trader )

better control and in presentation.

NEVER GO FO SOLE TRADER (Tax is main reason)

Oh yeah, tax 4 sole traders is high. it ripped me off.

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