I know this is a question asked time and again but I think my situation is slightly different to other questions I have seen on this topic.
I currently work for a large International company as an IT Service Manager based in the UK. Until now there has been 2 roles - Service Manager and Project Manager. Due to cutbacks they have decided to only have one role which will primarily be Project Management with some elements of Service Management. This means the IT Service Manager role is now redundant and I have accepted a redundancy package as a result (my last day of work will be 31st December 2014).
I have always wanted to move into training and taking redundancy has given me the perfect opportunity to set up my own training company. I was talking to one of our managers in the business in Netherlands and explaining what I would be doing through my new company, they asked if I would be interested in designing the training program for a new system they are implementing. It is a win-win situation, I know the company and have knowledge of the new system (so I can hit the ground running) and it means my business gets a great contract to start out with and I get to practice in a relatively safe environment.
1) Part of my redundancy will be tax free;
2) The contract I have been asked to take on is completely different to the role I have been made redundant from;
3) The new contract is only for 3 months;
4) To make things easy I will be going through one of their existing vendors, using them as an umbrella company.
Does anyone know if HMRC are going to have an issue with me taking on this contract and will there be tax implications??