Hi all,
I stopped working in December 2015 (maternity break). The company remained dormant for all of 2016. I then decided to close it down as I wanted to be a stay-at-home mum for a while and also to explore other business opportunities that give me the flexibility to work from home. The company was closed in March 2017. I started working on plan B in early 2016. Its been 18 months now and I've just launched. Looks like it will take time to scale up. I'm not even making enough to cover childcare costs for 3 children. Looks like I have to return to working in the city to get some cash coming in for the bills while my business picks up.
Do my circumstances qualify as genuine reasons to open a new limited company without HMRC coming after me for more tax? Just to clarify PLAN B is still going ahead. Its doing well for a start up, just that the growth is very slow.
I stopped working in December 2015 (maternity break). The company remained dormant for all of 2016. I then decided to close it down as I wanted to be a stay-at-home mum for a while and also to explore other business opportunities that give me the flexibility to work from home. The company was closed in March 2017. I started working on plan B in early 2016. Its been 18 months now and I've just launched. Looks like it will take time to scale up. I'm not even making enough to cover childcare costs for 3 children. Looks like I have to return to working in the city to get some cash coming in for the bills while my business picks up.
Do my circumstances qualify as genuine reasons to open a new limited company without HMRC coming after me for more tax? Just to clarify PLAN B is still going ahead. Its doing well for a start up, just that the growth is very slow.
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