HMRC think you are tax evading scum - what will you do?

[fool]

Hands up any contractors that have actually lost money.

You don't bear a risk.

I had two on the bounce that didn't pay:-

#1 - 22k. Stated reason: lack of cashflow.
#2 - 16k. Stated reason: lol, site went down once, you bad, i don't pay.

Full disclosure; #1 has now paid after I sent them a statutory demand. At the time though my co had £38k of unpaid invoices and I had no warchest wondering where mortgage payments were coming from.

[d000hg]

Hands up any contractors that have actually lost money.

You don't bear a risk.

I had two on the bounce that didn't pay:-

#1 - 22k. Stated reason: lack of cashflow.
#2 - 16k. Stated reason: lol, site went down once, you bad, i don't pay.

Full disclosure; #1 has now paid after I sent them a statutory demand. At the time though my co had £38k of unpaid invoices and I had no warchest wondering where mortgage payments were coming from.

Technically you didn't LOSE money but I think you'll meet VM's criteria

I had one client who didn't pay a couple of invoices, came to about £15k. I ended up writing it off for the CT relief a couple of years later.

[DimPrawn]

Technically you didn't LOSE money but I think you'll meet VM's criteria

I had one client who didn't pay a couple of invoices, came to about £15k. I ended up writing it off for the CT relief a couple of years later.

Oh but contractors are employees! How dare you right-off the loss of some salary from your employer against a business tax!

You should have taken them to an employees tribuneral!

[d000hg]

I've also had an employer who let me go with the promise of 3 months' pay, then refused to pay it.

[AtW]

I've also had an employer who let me go with the promise of 3 months' pay, then refused to pay it.

What did you do to get your money back with interest and massive compensation for your hurt feelings?

[NotAllThere]

Having not paid a penny of corporation or income tax or NI contributions for 13 years, I'd say HMRC are entirely correct in their assessment of me.

[teapot418]

Maybe since you're all "business owners" and "entrepreneurs" you should do what such people do when circumstances change, and adapt your business to a more profitable/less disadvantageous area.

I think you're confusing business owners with successful business owners.

Five Reasons 8 Out Of 10 Businesses Fail

[NibblyPig]

I've also had an employer who let me go with the promise of 3 months' pay, then refused to pay it.

Are you saying they fired you and promised 3 months pay? Cos that sounds silly.

So does working when you don't get paid. If I don't get paid as a permie they better come up with a damn good excuse on the spot, I'd never stick around for even 1 month never mind 3.

Of course, if you're a contractor, you don't have that luxury