IPSE membership renewal referral code

[dagenheis]

It's not actually two years, it's a year following the tax year in which the company was closed, by which time all the necessary tax returns will be submitted and HMRC have had a chance to raise any enquiries. HMRC will have approved the closure so the company should be free and clear, but they will want to assess our personal tax position.

Hence IPSE's long standing advice to keep your membership for the year after the one when the company was closed, just in case.

cheers

[malvolio]

Ok i know what you mean re: perks.

I understand the 6 years bit. Not sure what’s the basis of 2 years for simple investigation?

What’s the historical frequency/precedents of type of enquires taking place after strike-off assuming that the Ltd has not traded for sometime anyway? I think I’d bite the bullet anyway but trying to gauge what is legally possible vs odds of happening.

It's not actually two years, it's a year following the tax year in which the company was closed, by which time all the necessary tax returns will be submitted and HMRC have had a chance to raise any enquiries. HMRC will have approved the closure so the company should be free and clear, but they will want to assess our personal tax position.

Hence IPSE's long standing advice to keep your membership for the year after the one when the company was closed, just in case.

[dagenheis]

You've got 2 years from the end of an accounting period for simple investigations and 6 years for other stuff... I'd keep it going

I worked out in another thread that after Sainsburys and Expedia discounts I was in profit and - importantly - protected. It's a no brainer and you can claim it from company funds (though not deduct from tax)

Ok i know what you mean re: perks.

I understand the 6 years bit. Not sure what’s the basis of 2 years for simple investigation?

What’s the historical frequency/precedents of type of enquires taking place after strike-off assuming that the Ltd has not traded for sometime anyway? I think I’d bite the bullet anyway but trying to gauge what is legally possible vs odds of happening.

[wattaj]

QDos are probably the best for the insurance cover.

Cheaper, yes. But it's not a like-for-like comparison.

[malvolio]

QDos are probably the cheapest for the insurance cover.

FTFY

Given the vastly reduced risks of IR35 if you are through an umbrella, and assuming you aren't scared by some form of retrospective investigation into your previous IR35 status then I would suggest you don't need it anyway.

Other tax-related investigations though - that's a different risk altogether...

[courtg9000]

QDos are probably the best for the insurance cover.

[Fred Bloggs]

I thought HMRC can't investigate a company that doesn't exist anymore?

I suppose provision could be put aside in the final accounts for six years' membership fees increasing at, say, 3% a year.

I understand they can request strike off be reversed but it would required some pretty serious grounds to do so. I'm with you though, once the company has disapeared into the ether, my worries about it have too.

[ladymuck]

You've got 2 years from the end of an accounting period for simple investigations and 6 years for other stuff... I'd keep it going

I worked out in another thread that after Sainsburys and Expedia discounts I was in profit and - importantly - protected. It's a no brainer and you can claim it from company funds (though not deduct from tax)

I thought HMRC can't investigate a company that doesn't exist anymore?

I suppose provision could be put aside in the final accounts for six years' membership fees increasing at, say, 3% a year.

[PerfectStorm]

You've got 2 years from the end of an accounting period for simple investigations and 6 years for other stuff... I'd keep it going

I worked out in another thread that after Sainsburys and Expedia discounts I was in profit and - importantly - protected. It's a no brainer and you can claim it from company funds (though not deduct from tax)

[mjcp]

More chance you get hit by lightning than getting investigated now.

Take the lover out for a nice meal after lockdown rather than waste more money


Sent from my iPhone using Contractor UK Forum

I have seen you have posted this a number of times recently (might have done previous, I just didn't see it)

We will be needing your contact details ready for any future investigation; I assume your own cover also includes both the business and tax advice your giving? (business = you don't need that cover & tax = you're not going to get investigated)

There's more to IPSE than investigation cover, the OP might be after some of the other bits and alternatives were offered. You have simply banged the drum re an HMRC shoulder tap and your own views on its possibility.

M

[Scruff]

QDOS offer a much more competitive deal. You will also not be financing / re-financing a (failed) USA IPSE model that has cost the UK Membership hundreds of thousands of pounds.

Keep it local - at least QDOS have no pretence of being a Members' organisation.

[GhostofTarbera]

Hi,
Has anybody come across a referral code for IPSE standard membership renewals? Just noticed the standard subscription has been increased again this year (by nearly 10%).


Unfortunately, my ltd won't be closed for another month (simple strike-off) after the IPSE expiry date so I guess, it's recommended to renew last time for another year although there have been no recent contracts. Any thoughts to make sure I am taking a safe approach here?

More chance you get hit by lightning than getting investigated now.

Take the lover out for a nice meal after lockdown rather than waste more money


Sent from my iPhone using Contractor UK Forum

[ladymuck]

Ha. Not for renewals. Only new memberships get money off.

Just have a quick look for the policy you need, without all the fluff, on the likes of Qdos, Hiscox, Kingsbridge as you may be able to get that for less than the membership fee.

[dagenheis]

Hi,
Has anybody come across a referral code for IPSE standard membership renewals? Just noticed the standard subscription has been increased again this year (by nearly 10%).


Unfortunately, my ltd won't be closed for another month (simple strike-off) after the IPSE expiry date so I guess, it's recommended to renew last time for another year although there have been no recent contracts. Any thoughts to make sure I am taking a safe approach here?