I know its a bit of a grey area but on what basis do HMRC start doing enquiries on such things as IR35/section 660?
I'm guessing that once you start producing PAYE returns and VAT returns then there is the possibility that they will come looking.
But what about IR35/Section 660? Could they possibly come looking just on the basis of these PAYE/VAT returns? Surely at this point, until the CT return and accounts for first year is produced they dont have anything to investigate or info to go on?
As such, is there any point getting IR35 insurance until closer to this time? Or have I got this wrong?
Admin note: guide to contractor vat inspections here.
I'm guessing that once you start producing PAYE returns and VAT returns then there is the possibility that they will come looking.
But what about IR35/Section 660? Could they possibly come looking just on the basis of these PAYE/VAT returns? Surely at this point, until the CT return and accounts for first year is produced they dont have anything to investigate or info to go on?
As such, is there any point getting IR35 insurance until closer to this time? Or have I got this wrong?
Admin note: guide to contractor vat inspections here.
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