MVL Online just does the liquidation. It's then down to the shareholder/their accountant to declare the distributions on their personal tax return, and claim entrepreneurs relief where appropriate.
To date we haven't heard of any of our ex clients claiming entrepreneurs relief and having it rejected...but there's a possibility it's happened and the client didn't let us know.
Entrepreneurs relief criteria are fairly black and white (see here), so unlike IR35 for example I don't think there's much scope for argument from HMRC.
To date we haven't heard of any of our ex clients claiming entrepreneurs relief and having it rejected...but there's a possibility it's happened and the client didn't let us know.
Entrepreneurs relief criteria are fairly black and white (see here), so unlike IR35 for example I don't think there's much scope for argument from HMRC.
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