Hello,
Another post about MVL, ER and the 2 year resurrection. I have had a search on the forum and cant find a definitive answer to my query, so can I ask the consensus of the board.
I'm currently staff, and have been made redundant. My last day is 21st December 2018.
Went the MVL route and ER relief to take the staff position. Started staff on 23 Nov 2015. my Ltd co last invoice was July 2015, ceased trading 30 Nov 2015.
Entered MVL on Aug 2016 with an initial distribution. The final distribution was May 2017. Ltd co finally struck off June 2018.
Reasons for the delay was the liquidator wasn't very efficient and lost paperwork etc especially for companies house for final meetings.
So, given the HMRC text is wooly, and I haven't seen anything definitive. When is the 2 years up? Can I become a contractor again without engaging the wrath of HMRC. Or must I find staff until a future date in your opinions. Obviously ltd co closed down as it was no longer needed as I was staff.
I have 'heard' the 2 years starts from ceasing trading, and from entering MVL and from the final distribution. Does anyone have a reasonably clear cut answer?
Your input would be appreciated.
Cheers,
Simon
P.S. my accountant believes the date is from the final distribution.......
Another post about MVL, ER and the 2 year resurrection. I have had a search on the forum and cant find a definitive answer to my query, so can I ask the consensus of the board.
I'm currently staff, and have been made redundant. My last day is 21st December 2018.
Went the MVL route and ER relief to take the staff position. Started staff on 23 Nov 2015. my Ltd co last invoice was July 2015, ceased trading 30 Nov 2015.
Entered MVL on Aug 2016 with an initial distribution. The final distribution was May 2017. Ltd co finally struck off June 2018.
Reasons for the delay was the liquidator wasn't very efficient and lost paperwork etc especially for companies house for final meetings.
So, given the HMRC text is wooly, and I haven't seen anything definitive. When is the 2 years up? Can I become a contractor again without engaging the wrath of HMRC. Or must I find staff until a future date in your opinions. Obviously ltd co closed down as it was no longer needed as I was staff.
I have 'heard' the 2 years starts from ceasing trading, and from entering MVL and from the final distribution. Does anyone have a reasonably clear cut answer?
Your input would be appreciated.
Cheers,
Simon
P.S. my accountant believes the date is from the final distribution.......
Comment