Company on pause

[seeourbee]

A very interesting opportunity has presented itself but it is firmly inside ir35. If I took it, I would just leave the company not trading for a year. There's no immediate problems with that is there ?

[northernladuk]

Nope. Your accountant will advise what the situation is. Also ask them to reduce your charges while it's not trading. You'll have to stop paying yourself a wage for the time being but in the short term it's just like extended bench time.

[seeourbee]

Thanks, that's what I initially thought. And the fact it overlaps two financial years is a bonus as it will just look like the company had two not so good years (assuming return to previous model after this "experiment")

[BrilloPad]

Are you taking a permanent position or a contract that is IR35 caught?

[seeourbee]

Contract

[BrilloPad]

Contract

So your company needs to be paid? And the company pays you entirely as salary? Or are you proposing to use an umbrella?

[seeourbee]

Neither - wouldn't involve my company. Just go on payroll as PAYE temp member of staff (with no staff benefits [emoji853])

[BrilloPad]

Neither - wouldn't involve my company. Just go on payroll as PAYE temp member of staff (with no staff benefits [emoji853])

Understood. I hope its a very interesting opportunity.

[seeourbee]

Lol! Comments like that scare me. It's very lucrative and that's why I work at the end of the day.

[BrilloPad]

Lol! Comments like that scare me. It's very lucrative and that's why I work at the end of the day.

Sorry about that.

Pleased to here it is lucrative.

I am just not sure why they want you as a temp member of staff and not a contractor. As long as you get paid, who cares?