2 year rule to start LTD up issue

[RobScott]

I agree.

The replies to this thread were concise and factual (apart from ensignia).

What they weren’t was sugar-coated.

I’m not sure how else this information could have been delivered.

As a point - chapter 10 (client assessments) will not be repealed until April 2023, so there are going to be many contractors who will jump too soon onto the outside bandwagon.

it should be fine.
tax year not due yet

[eek]

Once you closed down, no one bothers about it
there are millions of companies being closed every week.
so chill and go ahead and start a new company and start the contracting job.
best time to be a contractor

That's utter crap - TAAR is designed to allow HMRC to get their claws into people playing games such as closing a company, pocketing the money as a capital gain (rather than income) and starting a new company.

It's a particular rule designed explicitly to cover a particular set of actions and HMRC will make full use of it to recover tax they see to be due.

it should be fine.
tax year not due yet

And again - what has that to do with what was actually posted...

[jamesbrown]

Once you closed down, no one bothers about it
there are millions of companies being closed every week.
so chill and go ahead and start a new company and start the contracting job.
best time to be a contractor

Consider not posting in professional until you know what you're talking about.

[northernladuk]

Consider not posting in professional until you know what you're talking about.

Hope that's not going to become a general rule in prof. I kinda like posting in here

[Lance]

Hope that's not going to become a general rule in prof. I kinda like posting in here

I don't really know what I'm talking about, but I think you can get away with saying anything, as long as you caveat it with the fact that you don't know what you are taking about.

IANAL
IDKWITA