Hi,
I closed my Ltd company down earlier this year after 20 years of contracting (used excellent MVL Online - thanks to this forum), that was back in January, believe takes a few months after formal documents for everything to be killed off. My IR35 insurance expires in August with Qdos and was wandering if should renew for another year using personal money (the top 100k level is pretty pricey at £712 - need to do calc as last 6 years put quite a bit in pension so might be able to go lower level of cover).
The Capital Gain from the MVL will go on the tax return at the end of this year and guess that could be a trigger point for hmrc.
Any advice greatly appreciated on whether think worth continuing for another year or two or now company closed then all in the past.
Kind Regards,
Limited Man
I closed my Ltd company down earlier this year after 20 years of contracting (used excellent MVL Online - thanks to this forum), that was back in January, believe takes a few months after formal documents for everything to be killed off. My IR35 insurance expires in August with Qdos and was wandering if should renew for another year using personal money (the top 100k level is pretty pricey at £712 - need to do calc as last 6 years put quite a bit in pension so might be able to go lower level of cover).
The Capital Gain from the MVL will go on the tax return at the end of this year and guess that could be a trigger point for hmrc.
Any advice greatly appreciated on whether think worth continuing for another year or two or now company closed then all in the past.
Kind Regards,
Limited Man
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