i would have said a composite is probably the least stress free option, especially when Hector comes to collect tax you haven't paid for the past 6 years.....
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For a little while longer, before HMRC's current investigations into "artificially incorporated companies formed merely to avoid paying the correct amount of tax" conclude and they are shut down and you get a bill for back tax and interest. as an employee.Originally posted by grafternot long contracting so will be interested in the majorities views because going through a composite seems like it could be pretty stress free
There are more intelligent ways to run your contracting work.Blog? What blog...?
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I wouldnt touch a composite with a hairy stick even if it were the last option. I agree with you Malvolio they are 'artificially incorporated companies' and my bean counter says they are schemes that should be cleared by the Revenue under some anti avoidance regulationsOriginally posted by malvolioFor a little while longer, before HMRC's current investigations into "artificially incorporated companies formed merely to avoid paying the correct amount of tax" conclude and they are shut down and you get a bill for back tax and interest. as an employee.
There are more intelligent ways to run your contracting work.Comment
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