A client of mine works for his own company as a builder, although he is an employee and not the Director (his wife is the Director and there are no other Board members).
The company is close to the £85K in turnover but not yet vatable. He is also self employed and was selling masks during the pandemic. He now wants to use this self employed bank account for use as an individual builder. The problem is he will carrying out the same job with the same van and equipment that he does with the ltd company. This will then keep his wife's turnover below the £85K mark. I said this was tax avoidance but am I right as he is employed by one and self employed by another.
The company is close to the £85K in turnover but not yet vatable. He is also self employed and was selling masks during the pandemic. He now wants to use this self employed bank account for use as an individual builder. The problem is he will carrying out the same job with the same van and equipment that he does with the ltd company. This will then keep his wife's turnover below the £85K mark. I said this was tax avoidance but am I right as he is employed by one and self employed by another.