Go Back  PPRuNe Forums > Aircrew Forums > Biz Jets, Ag Flying, GA etc.
Reload this Page >

freelance/self-employed?

Wikiposts
Search
Biz Jets, Ag Flying, GA etc. The place for discussion of issues related to corporate, Ag and GA aviation. If you're a professional pilot and don't fly for the airlines then try here.

freelance/self-employed?

Thread Tools
 
Search this Thread
 
Old 13th Jul 2003, 17:16
  #1 (permalink)  
Thread Starter
 
Join Date: Oct 1999
Location: uk
Posts: 18
Likes: 0
Received 0 Likes on 0 Posts
freelance/self-employed?

I became a freelance bizjet pilot a few months ago. Being new to the tax/accounting aspects of that sort of thing, I signed up for a course offered by Inland Revenue. As a result have been advised that I cannot be self-employed unless I own the aircraft I am flying. Anyone got any thoughts?(Other than, perhaps, claiming political asylum for unreasonable treatment in my home country!)
omega is offline  
Old 13th Jul 2003, 20:48
  #2 (permalink)  
 
Join Date: Mar 2000
Location: London ( once in a while )
Posts: 66
Likes: 0
Received 0 Likes on 0 Posts
Say again?

Well, IŽll bet that comes as a surprise to the hundreds of other freelancers out there!

The main decider seeems that one may be considered freelance as long as you are working for ( invoicing ) several entities rather than just one company, this being ŽemployedŽ

I recommend that you find a good tax accountant....someone like W T Fry in Worthing, who know a thing or two about Pilots. Good Luck.....

p.s. why the move away from the airlines?
BBCapt is offline  
Old 14th Jul 2003, 07:08
  #3 (permalink)  
 
Join Date: May 2001
Location: london,england
Age: 66
Posts: 177
Likes: 0
Received 0 Likes on 0 Posts
Huh???

I have to echo the comments of my eminent friend - BBCapt.

I've been a self-employed (and self-unemployed!) freelance Pilot for many moons. I always ensure that I retain my self-employed status by working for a number of different entities.

My Tax Expert (and student PPL too!!) Ms Base Line, thinks that maybe the IR didn't fully understand your situation...I believe that Ms Base Line may comment further - once she's finished practising her RT.



727 exec is offline  
Old 14th Jul 2003, 18:27
  #4 (permalink)  
 
Join Date: Jul 2003
Location: a tennis court near you!!
Posts: 4
Likes: 0
Received 0 Likes on 0 Posts
I might be new to flying but I've been a tax professional for a long time. I am in agreement with BBCapt and 727 exec, the criteria for self employment includes your availability for work for a number of entities be they companies or individuals. I can't imagine how the IR could have decreed that owning an aircraft would give you self employed status but not otherwise. Not to worry however, just get some good advice from an accountant who can ensure that you're taxed on the right basis and get the deduction for the expenses "wholly and exclusively incurred for the purposes" of the trade.
Base Line is offline  
Old 17th Jul 2003, 22:56
  #5 (permalink)  
Thread Starter
 
Join Date: Oct 1999
Location: uk
Posts: 18
Likes: 0
Received 0 Likes on 0 Posts
The Outcome So Far

BB Capt, 727 Exec & Base Line: thank you for your helpful and supportive responses. I have just been visited by 2 charming (yes, really) members of Inland Revenue and, as a result, believe the matter will be satisfactorily resolved.
The root of the problem seems to have stemmed from IR56 which, amongst other things, defines self-employed as 'someone who provides the main items of equipment they need to do the job.' It would appear that this was taken rather too literally by the person running the course.
With hindsight, it would have saved me a lot of trouble and concern if I had never signed up for the course in the first place! We live and learn.
omega is offline  
Old 18th Jul 2003, 01:21
  #6 (permalink)  
 
Join Date: Mar 2003
Location: deco stop
Posts: 341
Likes: 0
Received 0 Likes on 0 Posts
Indulge me

Please forgive this rant, if it is un-needed.

Are you curerently employed by an airline, or employed as a flight crew member in a scheduled operation, and then decided that there was some money to be made in GA.

Should you be currently employed then please accept this suggestion, keep out of GA for several reasone. 1) you will Pi$$ off all the GA pilots who work very hard to keep employed, and 2) many GA companies would rather not employ airline flight deck crew, as they have a belief that airline crew are not up to the "extras" that GA carries.

However IF I am wrong, and you are now an X airline bod, then welcome, and good luck.

As far as the previous responses go I totally agree, we have had the IR interests at heart.
Itswindyout is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.