Originally posted by Crossroads
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I have trawled the internet as well as hmrc site and their seems to be NO info on this issue. I would have thought that this would be clearly stated otherwise the risk is that loads of contractors (er I mean entrepreneurs) will close their businesses, pay 10%, and start up again!
Surely HMRC realise this and could be using this as a form of entrapment for contractors who chance their arm.
Either way there must be some sort of time limit whereby if a contractor starts up again within this limit HMRC will come knocking. This must be in place now as HMRC will need some kind of system to prevent the abuse mentioned above.
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