Self employed vs 0 hrs contract...?

[LeopardSkint]

As of recently, I'm self employed and work on a freelance basis for different organisations in a consultancy type role. I'm also employed by one company to work 9 hours a week doing something else.

I've been offered some work for a particular organisation (not an existing client of mine) over the next 2 years or so. It's not clear yet how many hours will be involved, but it won't be a set number each month - it will vary in response to need.

They are offering pay at £25/hr, and have said I can choose whether to invoice them at this rate as a self employed freelancer, or be employed by them on a zero hrs contract. If employed, the £25 would include an in lieu holiday payment.

It's not a decision I've had to make before - does anyone have any wisdom? Would it make a difference tax-wise if I chose one way over the other?

If you go employed the employer would deduct your paye and NI and pay you your net salary. But you get holiday pay pension contributions etc.
If you go self employed you get the full money and calculate and pay your own taxes. You would normally set up your own company to invoice them from then pay yourself a small salary and dividends to minimise your tax liabilities... Depends on how many hours you will be doing really as to how much you can save

Sorry if I'm replying too late!
The tax issue - well, if you're good with an excel spreadsheet, all you need to do is keep track of all of your work-related expenses and your income, and hand the figures over to an accountant every year to submit your tax return - or you can do it yourself online. You need to put about 20% aside from each invoice payment to cover any tax bill.
I've always used an accountant as I'm not a numbers person! If you're a sole trader, it's all a pretty simple process.
If you go down the employment route, apart from the employer taking care of the tax for you and money in lieu of holiday, what other benefits would you get that are valuable to you?
There's no job security on a 0 hours contract, so I think you may be better off doing your own thing, building up a solid client base with regular clients giving you a regular income.
Also, as an employee would they expect you to only work for them exclusively and not for any of their competitors? This could be a sacrifice especially if you want to work for other clients, and yet, in return, you could still lose your income without notice.
I hope that all makes sense!
One more thing - you say you're a consultant - it of course depends on your expertise, but you may be able to eventually push up your hourly rate if you work for other clients.
Good luck with it all.

Hi everyone.
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Thank you