PCG Subscription after ltd company closure

**doomage** · 14 May 2012, 11:18

Don't forget to hand in the keys to your CUK account as well.

**NotAllThere** · 14 May 2012, 11:24

I kept my membership for seven years. I believe after that, they can't investigate without some really good reasons,

**Gonzo** · 14 May 2012, 11:25

Originally posted by mogsie View Post

I closed my limited company over a year ago and went permie, All tax NI etc were paid. I have been told I should continue my PCG plus membership for at least two years after closure incase of IR35 investigation. Is this correct ? and if so what is the likely hood of an investigation as my company has been closed ( all correctly through my accountant ) for 13 months now ? Any thoughts/past experiences would be appreciated

Questions:

What was the date that the final company accounts were submitted for?

What tax year will you have to submit Self Assessment tax returns for?

How long can HMRC open investigations after the deadline for receiving the paperwork?

I think two years is reasonable.

**malvolio** · 14 May 2012, 11:38

General advice is to keep your cover until the end of the second year after closure. HMRC can open an inquiry based on your personal SAR up to a year after it's submitted, which can easily be inthe tax year after the clousre. So you need cover to the end of the tax year following the closure of the company. After that, unless they find evidence of fraud, they can't open an investigation.

**Boo** · 14 May 2012, 22:02

Originally posted by mogsie View Post

and if so what is the likely hood of an investigation as my company has been closed ( all correctly through my accountant ) for 13 months now ?

0.

Boo

**malvolio** · 14 May 2012, 23:15

Originally posted by Boo View Post

0.

Boo

Wrong. It's pretty small but it's not zero. There's another eleven months at risk to go

PCG Subscription after ltd company closure