Just wondered if anyone could help? My mate is in the same boat as me, works for a company but has registered himself as self employed. Hes turned up in an audi a6 black and is paying next to nothing on it on a business lease. The lease company only asked for proof he has a business so he gave them his own gas safe number and a letterheaded letter.
Now he does the odd job at weekends and i do the same. A boiler every month or so, he says this is enough to register self employed as he is doing paid work but is under a threshold of earnings so doesnt need to be vat registered.
Can anyone tell me if this is correct? Im a gas fitter and have my own gas safe as well as my works so could i just get business lease and be wading around in a silly car for next to nothing, or would i be likely to have a taxman coming after me?
any help is appreciated as im now sat looking as audis and.mercs for next to nothing a month!
Now he does the odd job at weekends and i do the same. A boiler every month or so, he says this is enough to register self employed as he is doing paid work but is under a threshold of earnings so doesnt need to be vat registered.
Can anyone tell me if this is correct? Im a gas fitter and have my own gas safe as well as my works so could i just get business lease and be wading around in a silly car for next to nothing, or would i be likely to have a taxman coming after me?
any help is appreciated as im now sat looking as audis and.mercs for next to nothing a month!