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loden

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#11

23 February 2017, 21:36

Originally posted by northernladuk View Post

Don't worry about it. It is what it is and nothing is going to change it now. Get your evidence filed, keep insurance for a year and get on with it. HMRC could be very busy with low hanging fruit with the PS carry on.

Much appreciated. I'm looking at the Qdos insurance. Would that be good enough to cover the eventual liabilities, i.e. all the taxes by HMRC?
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northernladuk

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#12

23 February 2017, 21:40

Yup. Don't you have IPSE+ already?

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loden

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#13

23 February 2017, 21:47

Originally posted by northernladuk View Post

Yup. Don't you have IPSE+ already?

Wondering if keeping the LTD open will be the condition from them to provide me the insurance?
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loden

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#14

23 February 2017, 22:05

Originally posted by loden View Post

Wondering if keeping the LTD open will be the condition from them to provide me the insurance?

Also, I don't have a professional indemnity insurance. Will I need to buy it now and have a retroactive cover for the period I worked with the LTD?
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teapot418

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#15

23 February 2017, 22:09

Originally posted by loden View Post

Also, I don't have a professional indemnity insurance. Will I need to buy it now and have a retroactive cover for the period I worked with the LTD?

YourCo is unlikely to be required to pay for the sort of problems covered by PI if you're working as an employee of the company. It doesn't sound like you need PI now.
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SueEllen

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#16

23 February 2017, 22:09

Originally posted by loden View Post

Also, I don't have a professional indemnity insurance. Will I need to buy it now and have a retroactive cover for the period I worked with the LTD?

Why not?

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#17

23 February 2017, 22:09

Originally posted by loden View Post

Wondering if keeping the LTD open will be the condition from them to provide me the insurance?

I don't believe so. Ring them and ask.
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#18

23 February 2017, 22:10

Originally posted by loden View Post

Much appreciated. I'm looking at the Qdos insurance. Would that be good enough to cover the eventual liabilities, i.e. all the taxes by HMRC?

Depends which cover you choose. The cover that includes liabilities is more expensive than the Tax investigation cover.
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teapot418

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#19

23 February 2017, 22:11

Originally posted by northernladuk View Post

Yup. Don't you have IPSE+ already?

IPSE+ probably too much if OP is going perm - the business interruption stuff won't be needed. Standard would save a few quid.
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loden

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#20

23 February 2017, 22:15

Originally posted by teapot418 View Post

YourCo is unlikely to be required to pay for the sort of problems covered by PI if you're working as an employee of the company. It doesn't sound like you need PI now.

Well, Qdos ask to have PI to have the IR35 cover.
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