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Company willing to pay my Corporation tax

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    #11
    Originally posted by speling bee View Post
    How about you sell the company to the employer for £1 and let them sort it out.

    Perhaps the accountants can advise why this won't work.
    I can't imagine the employer would be willing to do that, given that they would then also take on any debts they may not know about, and hold responsibility for anything the company had done previously. That's a massive risk to take on their part, and they'd be foolish to do so in my view - especially when they could just give him a golden handshake equal to the CT.
    ContractorUK Best Forum Adviser 2013

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      #12
      Originally posted by Clare@InTouch View Post
      I can't imagine the employer would be willing to do that, given that they would then also take on any debts they may not know about, and hold responsibility for anything the company had done previously. That's a massive risk to take on their part, and they'd be foolish to do so in my view - especially when they could just give him a golden handshake equal to the CT.
      They sound foolish.
      The material prosperity of a nation is not an abiding possession; the deeds of its people are.

      George Frederic Watts

      http://en.wikipedia.org/wiki/Postman's_Park

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        #13
        Originally posted by speling bee View Post
        They sound foolish.
        They probably don't know, or aren't thinking about, the implications of what they are suggesting anyway. I find it's all very simple when you first have a bright idea
        ContractorUK Best Forum Adviser 2013

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          #14
          Originally posted by Clare@InTouch View Post
          They probably don't know, or aren't thinking about, the implications of what they are suggesting anyway. I find it's all very simple when you first have a bright idea
          Which is why I'd sell them the company for a quid.
          The material prosperity of a nation is not an abiding possession; the deeds of its people are.

          George Frederic Watts

          http://en.wikipedia.org/wiki/Postman's_Park

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            #15
            Originally posted by TheFaQQer View Post
            Secondly, the company just wants to give you £6k out of the kindness of their own hearts? What's to stop you taking the money and then leaving after a short time-period and keeping the money?
            Nothing that unusual about a joining bonus... companies do this quite regularly and also will pay relocation costs, etc.

            Originally posted by speling bee View Post
            Which is why I'd sell them the company for a quid.
            I'd sell it for £6k if they're that easily confused.
            Originally posted by MaryPoppins
            I'd still not breastfeed a nazi
            Originally posted by vetran
            Urine is quite nourishing

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              #16
              Originally posted by d000hg View Post

              I'd sell it for £6k if they're that easily confused.
              Get a Director's loan on overdraft first.
              The material prosperity of a nation is not an abiding possession; the deeds of its people are.

              George Frederic Watts

              http://en.wikipedia.org/wiki/Postman's_Park

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