[quote name='d000hg' timestamp='1306503791' post='4816421']
One final thing... if I were you I would open a new account or something, and every time I got paid, put 1/3 of the money in as tax money. You really don't want to find you have a tax bill after you spent the money, since you can't do PAYE and will have to do a tax return.
Some people start a Ltd company but if your aim is a job rather than contracting, you're probably happier as a "Sole Trader" for now. But keep your personal and 'business' money separate.
you can have taxes automatically withheld from your paycheck. I don't think he's an independent contractor, he's just a contract employee, so this should still be the case.
[/quote]I'd be suspicious of that. Either you're an employee or you're not - it sounds more like they hired him as a freelancer to me. I wonder if a contract is actually going to exist between them formally though, the main thing is to be sure either way. Most contractors pay their own tax, this is in fact one of the benefits to the 'employer'.
