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Excuse my ignorance but I am late to the game.
What does the term "closed years" mean? I thought there was no limitation to how far back they could go?
I have also seen some comments about HMRC have not "protected" their position? What does that mean also?
Looking more and more like that is what I will have to do. It just doesn't make sense to pay UK tax whilst living in IoM. :freaky:
At least I won't have to pay taxation in both locations.
As I mentioned in MrToms thread - here.
I will be moving to IoM and I am trying to work out a way to work remotely to continue my current contract - I know I could continue with my UK limited company that I have been working from for 5+ years, but I am quite keen to shut it down.
I've been told...
Hello,
I'm wondering if MrTom or anyone else can provide me with some advice.
I've been contracting with my limited company in London for the past 5+ years. I now want to close it down and move to IOM and just work for wages from say an umbrella company. I would even consider opening another...