Originally posted by rs1969
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The rules are very simple - you choices are to repay the appropriate amount of tax on any disbursements that were not 2 years old when you restart your company.
So 2 disbursements
1st 1/8/2021 £50,000
2nd 1/4/2022 £20,000
Now lets look at dates
Date | Amount where tax due | Reason |
6/4/2023 | £70,000 | both disbursements within the 2 year window |
2/8/2023 | £20,000 | Initial disbursement is 2 years old Second disbursement is less than 2 years old Note HMRC may query this and go after the lot |
2/4/2024 | £0 | 2 years has past nothing to worry about |
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