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Recent content by Maslins
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MVL Online
Cheers for the positive responses (I feared a few more "keyboard warrior" ones! :laugh:ohwell) Personally I'm expecting to continue to be involved in MVL Online at least short-medium term, hopefully long term. Just going forwards it's a small part of a reasonably big group, rather than a...- Maslins
- Post #4
- Forum: Accounting / Legal
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MVL Online
Lots of Contractor UKers have used MVL Online to liquidate their companies, which I'm hugely grateful for. It's a business I (Chris Maslin) owned jointly with licensed insolvency practitioner David Thorniley. David's older than me, and has been discussing retirement for a while. I'm not an...- Maslins
- Thread
- Replies: 5
- Forum: Accounting / Legal
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Contractor via Ltd company to permie MVL eligibility
This. There's the theory, then there's the real world. In theory, even after a liquidation is complete and company is dissolved, HMRC (or anyone else) could get the company restored, and appoint another liquidator to come after you if they believed money was owed to them. However, the cost and...- Maslins
- Post #28
- Forum: HMRC Scheme Enquiries
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Contractor via Ltd company to permie MVL eligibility
If anyone looked into it in any detail, it might raise questions. But there's no good reason anyone (IE HMRC) would look, and even if they did, it'd be a long way from a slam dunk for HMRC. MVL Online have done just shy of 5,000 liquidations in the last ~14 years, and we've not seen one single...- Maslins
- Post #19
- Forum: HMRC Scheme Enquiries
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Contractor via Ltd company to permie MVL eligibility
Slightly late to this thread...but my personal opinion: - I don't see going from Ltd Co to permie as a big red flag to HMRC. Realistically, that's what they want you to do. IMHO it's more of a concern going the other way (IE being a permie then arguing you've become an independent contractor at...- Maslins
- Post #16
- Forum: HMRC Scheme Enquiries
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Struggling to pay back a LTD company tax bill
I can't give you any formal advice on this, but I don't think there's any rule that states if there's >£25k debt a company can't be dissolved? Possibly you're thinking about the £25k threshold below which CGT treatment can be obtained in a cheap and cheerful strike off for a solvent company...- Maslins
- Post #16
- Forum: HMRC Scheme Enquiries
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Struggling to pay back a LTD company tax bill
It wouldn't be something I could formally help with. There's two very different types of liquidation: 1) Solvent liquidations (Members Voluntary Liquidations, MVL). This is what MVL Online can often help with. Company has paid off all debts, has excess cash/assets. An MVL is a way of getting...- Maslins
- Post #14
- Forum: HMRC Scheme Enquiries
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New here – happy to answer umbrella / contracting questions
Haha, NLUK seeing the best in people as always :laugh FWIW I kinda know Loui, mainly as their business is employee owned like ours. He's a good guy, give him a chance :D- Maslins
- Post #5
- Forum: Umbrella Companies
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Private messages not working?
Ah, maybe that's it. I don't want to "out" the specific user publicly, but yes, per their profile it looks like they only joined the site yesterday, and haven't posted anything yet.- Maslins
- Post #5
- Forum: Accounting / Legal
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Private messages not working?
Received (content actually there) and replied. I've tried sending you a private image of the less successful exchange...if nothing else to prove I've not made this up :wink- Maslins
- Post #3
- Forum: Accounting / Legal
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Private messages not working?
Appreciate this isn't an "accounting" topic as such, but... I got an email that a user had sent a DM. It included a preview of the message. All good so far. I login to CUK, click into the message...but it's blank. First thought is perhaps the sender decided to delete the content after sending...- Maslins
- Thread
- Replies: 9
- Forum: Accounting / Legal
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Overdrawn DLA on liquidation - FTT ruling on S415
It's worth pointing out this is a totally different scenario to the MVLs commonly talked about on here. In the typical MVL situation, creditors are all paid, and director loans are primarily used short term for convenience. The liquidator has sufficient retained profits to comfortably clear the...- Maslins
- Post #2
- Forum: Accounting / Legal
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What's going on with Randell Dorling?
Looks like their accounts are overdue: https://find-and-update.company-information.service.gov.uk/company/03688419 In itself doesn't prove anything, sometimes decent companies fall behind for whatever reason. But it ain't a positive sign!- Maslins
- Post #3
- Forum: Accounting / Legal
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BADR and Spouse (with 50% Shares)
If you're still trading for another few months, an MVL now isn't an option for you. The thought crossed my mind about a share buyback...but that's one to ask your accountant. Whether they'd be confident advising and helping you through it is another matter. It's not a particularly common thing...- Maslins
- Post #5
- Forum: Accounting / Legal
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Payroll when the company has funds
There's no difference (at least from a personal tax perspective) between registering for PAYE and doing a £nil submission vs not bothering to register for PAYE. Hence I don't really see the point of registering if you're not going to declare any salary. It may however make sense to register as...- Maslins
- Post #4
- Forum: Accounting / Legal
