IR35 - Outside to umbrella

[Martin Bank Holiday]

So I enquired about closing my company and was told I can't open another (doing similar work) for at least 2 years. So no quick return to contracting unless it's via an umbrella!

I'm keeping mine going. I fully expect to find outside roles.

[northernladuk]

I'm keeping mine going. I fully expect to find outside roles.

And that is what I would expect most seasoned contractors would have done, dependant on some other factors of course.

[quantum77]

If Self Employment was an option Vs umbrella, what are the pros/cons?

[ladymuck]

If Self Employment was an option Vs umbrella, what are the pros/cons?

Liability for tax and NI can remain with the client if you don't pay up. That's one of reasons why incorporation was encouraged

[mrdonuts]

Nope. Not true.

Only if you distributed funds as capital rather than dividends. All ER is capital, not all capital is covered by ER.

wrong apparently only applies to MVL

see here Striking off a company - RossMartin.co.uk