First time poster here today.
I been contracting in the UK since 1998 and been through various 'tax planning' vehicles. LTD company, Montp dual taxation IOM scheme and I am now currently still with Montp. Yes I am an avid reader of the BN66 thread and very concerned about my families' future. I've been in my current contract for a number of years and have just been offered 6 months renewal ( 10% rate cut ).
In the current climate where tax planning seems to have become a criminal act overnight I was feeling very nervous of staying on my current scheme and a LTD company is starting to look like a better option. Especially as HMRC now are able to change the law retrospectively.
I would use this latest renewal as an opportunity to move to a LTD company and leave Montp. I want to ask people opinion on whether this would be a good move. How safe are we all feeling ?
Am I likely to simply move from one headache into another IR35 nightmare ?
Thanks in advance