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Recent content by GenericITContractor

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    IT Contractor Considering Bankruptcy

    She is in the same field of expertise. And it is potentially possible (or even likely) that she may be considering contracting also in the future, and it would make sense for her to contract through the same company.
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    IT Contractor Considering Bankruptcy

    Hi, I would be interested to know how I would be a shadow director? I would be an employee only of the company. With a wage taken out every month (from which the official receiver would work out any amounts to be taken I assume). I wouldn't promote, or operate the company. My wife would do...
  3. G

    IT Contractor Considering Bankruptcy

    Hi, Thanks for your responses so far. The penalty was against a former company I was Technical Director of. The penalty was owing to essentially putting the wrong VAT number on purchases - the VAT was paid as part of another company (which has seen closed down), but the HMRC are chasing the...
  4. G

    IT Contractor Considering Bankruptcy

    I don't work in the legal or financial industry and haven't seen anything in my recent contracts that would Indicate bankruptcy would ruin my career. The stress of the entire situation is getting unbearable but I don't want to walk blindly into something that could be a bad decision
  5. G

    IT Contractor Considering Bankruptcy

    Hi, I'm currently about to embark on a First Tier Tax Tribunal appeal against a HMRC VAT Penalty that would not be possible to pay (circa £200k). But I was shocked that the costs of the legal fees required in the tribunal itself may amount to £30k or more, and then they do not guarantee a win...
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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