Originally posted by hammertime1985
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A Sad “IR35” Day
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Originally posted by eek View PostYou can't MVL if you remain in business doing the same thing.
It's fine to MVL if going permanent.
Probably fine (with some small proviso's regarding returning to contracting within 2 years) if you go via an umbrella.
A complete no no to use ER if you are starting up again immediately.
If I go back Umbrella it’s 2 years from closure, then if I get an outside role, I’ll start another ltd.Comment
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Originally posted by ladymuck View PostI wouldn't close down just because you've had a long term client. Just carry on tradingComment
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Originally posted by BABABlackSheep View PostGo permie, go umbrella, no difference to MVL. Same 2 year rule after closure.
If I go back Umbrella it’s 2 years from closure, then if I get an outside role, I’ll start another ltd.
go umbrella and that argument doesn't work
Maslin posted a very good reply about it yesterday but it is on a thread that seems to have been deleted.
The issue isn't really one of can I close my company, it was more how easy would it be to start it up again without bareface lying to HMRC.merely at clientco for the entertainmentComment
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Originally posted by eek View PostNot quite - go Permie and if things change you can show that you intended to leave contract work and it just didn't work out.
go umbrella and that argument doesn't work
Maslin posted a very good reply about it yesterday but it is on a thread that seems to have been deleted.
The issue isn't really one of can I close my company, it was more how easy would it be to start it up again without bareface lying to HMRC.
Of course contractors are closing via MVL and I don’t believe for a second HMRC will stop people opening ltd in the future. Makes absolutely no sense and probably illegal.Comment
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A Sad “IR35” Day
Originally posted by BABABlackSheep View PostClients are forcing contractors to go umbrella. Inside via PSC is not even an option for many.
Of course contractors are closing via MVL and I don’t believe for a second HMRC will stop people opening ltd in the future. Makes absolutely no sense and probably illegal.See You Next TuesdayComment
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Originally posted by BABABlackSheep View PostClients are forcing contractors to go umbrella. Inside via PSC is not even an option for many.
Of course contractors are closing via MVL and I don’t believe for a second HMRC will stop people opening ltd in the future. Makes absolutely no sense and probably illegal.
Easy to argue the permanent job fell apart and you had to go back contracting.
Far harder to say your umbrella contract fell apart and you returned to contracting using a limited company.
Semantics is everything here.
And HMRC won't stop you re-opening a company. What we are talking about here is HMRC chasing you for inappropriate claimed entrepreneur relief as you reopen a limited company.
And as I stated in my previous post Maslin had explained it far better than I did.merely at clientco for the entertainmentComment
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Originally posted by eek View PostMy comment was related to re-opening a limited company and returning to contracting through a PSC within 2 years.
Easy to argue the permanent job fell apart and you had to go back contracting.
Far harder to say your umbrella contract fell apart and you returned to contracting using a limited company.
Semantics is everything here.
And HMRC won't stop you re-opening a company. What we are talking about here is HMRC chasing you for inappropriate claimed entrepreneur relief as you reopen a limited company.
And as I stated in my previous post Maslin had explained it far better than I did.Comment
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Originally posted by BABABlackSheep View PostHow many times have HMRC successfully claimed ER tax difference back on someone who has closed a limited company, gone umbrella for a few years and then started another ltd company?Comment
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