Originally posted by jamesbrown
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MVL latest?
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Originally posted by Maslins View PostYes...which is why I feel that it can always be argued that tax was a motivator, virtually every contractor's going to be a "close company", hence the only criteria they're realistically relying on revolves around "trade/activity". Hence why I think it needs clarification on a new PAYE role.Comment
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So many questions....
What if a bricklayer wants to close his bricklaying business and become a permanent/employed carpenter?
What if a mobile phone shop owner wants to close up shop and take up a permanent job as a phone salesman at O2 in Slough?
What if a SAP functional expert wants to close his SAP contracting Ltd Co and become a Cobol programmer?Comment
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Originally posted by ChimpMaster View PostSo many questions....
What if a bricklayer wants to close his bricklaying business and become a permanent/employed carpenter?
What if a mobile phone shop owner wants to close up shop and take up a permanent job as a phone salesman at O2 in Slough?
What if a SAP functional expert wants to close his SAP contracting Ltd Co and become a Cobol programmer?Comment
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Originally posted by pr1 View PostI've got a load of various shades of grey bricks, please sort them into white and black piles
And why does everything come down to race nowadays? You saying the black bricks are worth less than the white ones hey??'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by ChimpMaster View PostSo many questions....
What if a bricklayer wants to close his bricklaying business and become a permanent/employed carpenter?
What if a mobile phone shop owner wants to close up shop and take up a permanent job as a phone salesman at O2 in Slough?
What if a SAP functional expert wants to close his SAP contracting Ltd Co and become a Cobol programmer?
On the latter, you'd be clearly caught IMO, other conditions being met. I guess there's a sliver of uncertainty, but anything within IT would be dancing on a pinhead IMO, regardless of whether it's pursued as a trade or activity. If you were switching from SAP contractor to lifeguard at the local pond, you'd have an argument.Comment
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Originally posted by ChimpMaster View PostSo many questions....
What if a bricklayer wants to close his bricklaying business and become a permanent/employed carpenter?
What if a mobile phone shop owner wants to close up shop and take up a permanent job as a phone salesman at O2 in Slough?
What if a SAP functional expert wants to close his SAP contracting Ltd Co and become a Cobol programmer?Comment
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Originally posted by ChimpMaster View PostWhat if a SAP functional expert wants to close his SAP contracting Ltd Co and become a Cobol programmer?Comment
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Originally posted by pr1 View Postpresumably a SAP contractor and a COBOL contractor would operate under the same business SIC code i.e. it's broadly the same thingComment
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Question...
Contractors with large company cash reserves need to act now to save thousands in tax
“We have suggested to HMRC that it would be more appropriate to apply the new rules to any liquidation which commences on or after 6 April 2016, rather than should the date of the distribution happen to fall beyond this date.”
Just so I've understood this correctly, an MVL processed and distributed pre-April 2016 will not be subject to the new regulation i.e. 2 year condition, main purpose being tax, etc. So a contractor could in theory open up another company "involved in a similar trade or activity" as long as it's completed before April 2016?Comment
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