I am really sceptical about this idea of if the Ltd Co doesn't have any cash then the Director gets off scot free. I really don't buy it at all, yet it seems to be a theme that pops up here every few days. If it was so easy to proof yourself against IR35 by drawing out all the money and closing the business down, wouldn't be all be doing this every year?
The silence from the professionals who inhabit this place needs to be broken by a comment please.
IR35 is a personal tax levied on a person is it not? Having no money to pay is not a defence? Myself, I think you're kidding yourselves.
The silence from the professionals who inhabit this place needs to be broken by a comment please.
IR35 is a personal tax levied on a person is it not? Having no money to pay is not a defence? Myself, I think you're kidding yourselves.
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