Originally posted by mikedarv
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IR35: Planning for April 2021 – should I stay or should I go?
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostSeems a fair summary of your options so need more options around leaving
If I at least suggest to get IR35 insurance is there even a case to defend for those moving from the same inside role straight to an umbrella?Comment
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Originally posted by mikedarv View PostMentioned a while ago in another thread about the client dishing out Umbrellas and Perms all over the shop and I'd say 90% have no idea of the implications of staying on in the same role.
If I at least suggest to get IR35 insurance is there even a case to defend for those moving from the same inside role straight to an umbrella?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Presumably most people moving to umbrella/perm will be closing their Ltd company as soon as possible.
So if a letter arrives asking the client (the Ltd company) to pay back employer's NICs and that Ltd has no assets and no longer exists...?Comment
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Originally posted by mikedarv View PostPresumably most people moving to umbrella/perm will be closing their Ltd company as soon as possible.
So if a letter arrives asking the client (the Ltd company) to pay back employer's NICs and that Ltd has no assets and no longer exists...?Comment
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Originally posted by northernladuk View PostIf you've not got it already I doubt it's going to be any use to you.Comment
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Originally posted by iamirv View PostCould you explain why it would matter when you got IR35 insurance? Is it not the case that if it's in place prior to an investigation, any legal and potential penalty fees would be covered? Thanks
It's not there to cover you for imminent risk that would affect your position.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostIf you've not got it already I doubt it's going to be any use to you.Comment
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Originally posted by CompoundOverload View PostIf it's an outside to inside transition same client and you're deemed as inside throughout the engagement, assuming the company upon closure is not investigated, then expect to remortgage house and sell assets at a later date as the liability falls onto the director of the company.... HMRC can still open investigations on closed companies after the event. If you have insurance, at least run that a year or two after the LTD is finished.Comment
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Originally posted by rootsnall View PostHMRC would have to prove you had committed fraud to go down this route. Have you any evidence of this ever happening ?Comment
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