employed or self-employed

[cyanarasamba]

I have resigned from my job as an accountant, but have been asked if I will consider staying on one day per week on a "consultancy" basis i.e. doing more of an advisory/project role to assist my replacement.

I have other work which I undertake on a self-employed basis.

Should the one day per week work be on an employed or self-employed basis?

Have a look at this guide to determining your employed/self-employed status. I would have concerns about staying on at the place you were employed and changing status to self-employed. Check the conditions in the link and see if you feel you would meet them.

I would also be querying why your employers want this work to be on a self-employed basis. Why not just change your contract, so you maintain all your employment rights/benefits etc?

Would expect to receive a whacking "consultancy rate" in lieu of benefits, notice period etc so I wouldn't have too much of a problem with this. Wouldn't want the company to be liable for unpaid employers NI though.

Thanks for the link btw, will check it out!

I know that if you are self emplyed (and you would have to declare yourself as such), you do need to be invoicing more than one company. In otherwirds, if they are the only company you are going to do freelance work for, you cannot be self emplyed. If however you are going to do freelance work for other companies during the time you are not working for the original one (getting confised?!), then you will probably be able to call yourself self-employed.
What I would say is that don't let your original company tell you that you can be self employed if you can', as of course having you on a freelance rate means they don't have to pay your tax, ni, sickness, maternity etc. So it will benefit them.
You will have to cover your own NI as well.

(sorry about shite spelling!)