Originally posted by BurningRanger
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Their funding and remit has increased, and if you raise red flags you risk them coming after you, taking your money and making your life a misery.
It would be great if the laws were crystal, and applied consistantly. But they are not.
It really grinds my corn to see them conflate "Tax Avoidance" (tax planning, which used to be fine) and "Tax Evasion" in their publications.
Recently they invented a term (and an offence, apparently) called "money-boxing", building up funds in your limited company. Amazing.
If your thoughts are to have your wife as sole director for you to avoid the phoenixing guidelines or you aren't permitted to be a director, then you are taking a massive risk.
What Avonleigh said. There are some agents that haven't checked my previous contracts for this. Not really their problem.
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