PPRuNe Forums - View Single Post - Pilots self-employed for tax purposes.
View Single Post
Old 12th August 2009 | 09:36
  #22 (permalink)  
Flyingstig
 
Joined: Jun 2009
Posts: 199
Likes: 0
From: Not UK
Thanks Guys!

It does seem pretty clear that in most cases (RYR / BKF may be an exception?) that regardless of who (or where) pays you, if you are working for an airline you are an employee.
Feedback from the accountant supports this. I asked him whether you could load the expenses, eg. if you had to pay your own medical which would normally be paid by the airline. His respone was to check the contract in detail but the rules on legitimate expenses are very clear and strictly adhered to by HMRC. If you get a job this year now your tax would be assessed on the 09/10 return and would be liable for payment in Jan `11.
Trap there is to have a pretty good idea what it will be and put that aside every month to avoid the nasty shock when the bill drops through the letter box. (I reckon under the mattress would be good since the return would be better than the banks!!!!)

So, what thoughts on where you would actually put that self imposed PAYE tax money each month till it was due?
Flyingstig is offline  
Reply