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Daily Telegraph Tax Guide 2012, The by David Genders

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07

Working for yourself

If you run your own business, other than through a company or in partnership, you are classified as self-employed for tax purposes. Your business might be a trade, profession or vocation.

Am I self-employed?

The main distinguishing factor between having self-employed status and working as an employee is the existence of a ‘master–servant’ relationship. Sometimes it is difficult to draw a line between:

  • employment (a contract for service); and
  • self-employment (a contract for services).

Your business will have the trappings of self-employment if you:

  • are paid a fixed fee, rather than by the hour;
  • have no entitlement to paid holidays or sick leave;
  • are responsible for any losses arising out of your services or the goods ...

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