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I suppose my question is, what is my personal liability and can i, as a last resort, walk away from this and my personal credit rating not be affected ?
So there is delayed submission of accts for £700, £4700 in corp tax, that includes s455 tax (?)and remainder is 18k directors loan
Excuse my ignorance, but this is all something ive not really understood and took the accts word for.
I contracted for around 10 years, always up to date on corp tax etc. June 2018 my 4 year contract ended. I stayed in a service role, 2 days a month, but couldnt find anything long tem, until eventually being taking a perm role in March 2019.
Fast forward 18 months later. I kept my ltd...
Hi all, thanks for the advice, it is very welcome..
Hi all, thanks for the advice, it is very welcome..
as you can see from the 'opt out of IR35' bit, I havent a clue what I'm talking about.
Looking at my contract extension, it says..
'EAA Conduct Regulations 2003 Contractor Status - Opt...
Not sure how much is within the remit of the site, but here goes.
New to contracting, 18 years working in IT, first time as a limited company and completely wet behind the ears with this.
Have been contracting 6 weeks, got first payment paid to my personal current account (big no-no I realise...