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Works for me when I first started I was immensely proud of my little old company that I created... it was my baby ... I paid all taxes due on time and in full, I felt that longevity gave it an aura of respectability and credit worthiness..... Then the PAYE investigation (aka fishing trip) started & it quickly became clear that the longer time you had been running the more they had to fish for and the more outrageous their demands were – ffs the moron who visited announced that accountants fees were not an allowable business expense!!
Bully boy tactics were the order of the day and a lot of rounding & ‘deeming’ used in their calculations of amounts owing – ended up as a £13k demand if I recall but reduced to a reluctant £300 by my astute accountant…. but then they asked for ‘the contracts’ and it morphed into a IR35 investigation
How fortunate for governments that the people they administer don't think
I already had insurance against IR35 investigation (through PCG membership (yes I know) & QDOS (who were very very good) dealt with it through 2 1/2 years of correspondence with assorted HMRC drones who finally admitted defeat
How fortunate for governments that the people they administer don't think
I already had insurance against IR35 investigation (through PCG membership (yes I know) & QDOS (who were very very good) dealt with it through 2 1/2 years of correspondence with assorted HMRC drones who finally admitted defeat
Wow - my PAYE/IR35 'review' was easy peasy compared to that. Hector was quite a nice bloke actually. He had a list of IR35 questions to ask me, which I answered. He went away with all my books, contracts etc and sent me a letter saying I owed a few hundred quid and that was it. The most annoying bit of the whole thing is that he sent years of company books back by standard post in a big box, which the postman left on the doorstep !!
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