What is one implication of being employed as opposed to being self-employed?

Being employed rather than self-employed typically involves having certain legal protections, one of which is the right to claim for wrongful dismissal. When an employee is terminated from their job without fair reason or without following proper procedure, they may have the right to challenge this in court or through other means, such as employment tribunals. This protection does not generally apply to self-employed individuals, who operate under different contractual agreements and do not have the same employment rights.

In contrast, self-employed individuals carry greater responsibility for their own business affairs, including financial risk and tax treatment. They manage their own income and are subject to different tax rules, which can limit the deductions available compared to employees. The nature of self-employment also allows working for multiple clients or businesses simultaneously, which is not typically feasible for employees who have contracts with specific employers.

Overall, the ability to claim for wrongful dismissal highlights the distinct legal framework that governs employment relationships compared to self-employment, emphasizing the protections afforded to employees that are not available to self-employed individuals.