Originally posted by Blackbird17
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Public sector IR35- move to fixed term contract? Advice required urgently kind people
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Originally posted by hollyblue View PostCan you close your Ltd Co quickly? I thought it had to stay open for a further year in order to pay your dues up?
If someone is clearly inside and they do this to try to avoid IR35 investigation, HMRC might "pierce the veil" and hold the director responsible for tax evasion. So it's not a great idea if you know you really should be inside.
But if you can argue that you legitimately thought you were outside, especially if you had contract reviews, etc, then there's something to be said for doing this just to prevent them trying to drag up something old on you.
I don't know, maybe trying to close a company right now would draw their attention. It's possible -- no one really knows what will trigger investigations in the next six months. If OP is thinking of contracting again in a year, and doesn't want to get hit with a big dividend tax right now, it may make the most sense to keep it open, anyway.Comment
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