Self-employment and the gig economy

Published on 2 March 2017

The LITRG welcomes the opportunity to respond to this Work and Pensions Committee inquiry. We remain hugely concerned about the current structure of Universal Credit for the self-employed. If major changes are not made to the rules there is a serious risk that those who are already self-employed will be forced to give up their businesses in order to access adequate state support.

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The LITRG submission can be found here: Self-employment and the gig economy – LITRG response

(02-03-2017)

Contact: Victoria Todd (please use form at /contact-us) or follow us on Twitter: @LITRGNews

More information on self-employment
Am I employed, self-employed or neither?	What tax allowances am I entitled to?
How do I register for tax and National Insurance?	What is the trading allowance?
What business records should I keep?	How do I pay tax on self-employed income?
Working out profits, losses and capital allowances	What National Insurance do I pay if I am self-employed?
How do I work out my taxable profits?	What is the Construction Industry Scheme (CIS)?
How do I prepare my accounts?	How do I work out my profits for universal credit?
What business expenses are allowable?	Do I have to pay VAT if I am self-employed?
Can I claim for pre-trade expenses?	What is Making Tax Digital for VAT?
What capital allowances can I claim?	Pensions and self-employment
What if I make a loss?	How do I repay my student loan if I am self-employed?
When do I make Self Assessment payments and file my tax return?	Penalties and enquiries

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Self-employment and the gig economy

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