You are reading a single comment by @deleted and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@deleted
how about this for the tax man:
start company.
employ yourself on PAYE at exactly the threshold of tax (£7,475 per year)...therefore you will not pay tax but will continue with tiny Nat Ins payments....pay yourself annually (or quarterly if you envisage income in the first 3 months) in arrears....meaning either 1 or 4 payslips per year.
If it all takes off, give yourself a payrise and pay the relevant PAYE tax and Nat ins due from then on.
Disclaimer: not an accountant.