Starting New Company Each Year For VAT Flat Rate Scheme Incentive

[Robot]

Does anyone know the benefits / disadvantages of doing this?

Can you start a new company each year and claim the 1% VAT incentive?

Does it look better if you have a company which is only trading for a short period f time (one year?) I would have thought it is much less likely that you will have an IR35 investigation if you have a relatively new compnay versus a company with 5 years and 500K in retained profit -

What does the team on here think?

Yes - but not worthwhile with the cost of closing down the company and cost of opening up a new company each year. The company bankers may get suspicious if you’re doing this once a year and report you via their Money Laundering Procedures, then you would be on the radar of HMR&C...

[pmeswani]

Can a LTD company or it's former director be investigated for IR35 compliance after the company has been struck off?

As a hunch? I would say that the director could still be liable for investigation, regardless of how many companies they owned (whether they have been struck off or not).

[Wanderer]

Can a LTD company or it's former director be investigated for IR35 compliance after the company has been struck off?

[pmeswani]

Does anyone know the benefits / disadvantages of doing this?

Can you start a new company each year and claim the 1% VAT incentive?

Does it look better if you have a company which is only trading for a short period f time (one year?) I would have thought it is much less likely that you will have an IR35 investigation if you have a relatively new compnay versus a company with 5 years and 500K in retained profit -

What does the team on here think?

Do you think the Taxman hasn't caught onto this? Do you really think the Taxman is really that stupid? If the answer is yes to both parts of the question, then go ahead and do it. Please do let us know how it pans out.

Your deluded questions are not even interesting or intelligent. It's not even a question I would even ask, and I thought I was the thickest person on this forum.

[cojak]

This is a pretty straightforward and interesting question - If you have nothing to add can you go and play in General?

Reported to admin as well

I'd have some sympathy if you asked the odd weird question amongst mostly sensible ones.

But you don't.

[MarillionFan]

This is a pretty straightforward and interesting question - If you have nothing to add can you go and play in General?

Reported to admin as well

I think, like Roulette. The chance of an IR35 investigation has no bearing on the spin of the last ball. I believe it's 1 in 7 years(some say 5), but could be more, could be less.

Seems like a lot of hassle.

[DeludedAussie]

You are such a moron. Please delete your log in and go troll somewhere else.

This is a pretty straightforward and interesting question - If you have nothing to add can you go and play in General?

Reported to admin as well

[northernladuk]

You are such a moron. Please delete your log in and go troll somewhere else.

[DeludedAussie]

Does anyone know the benefits / disadvantages of doing this?

Can you start a new company each year and claim the 1% VAT incentive?

Does it look better if you have a company which is only trading for a short period f time (one year?) I would have thought it is much less likely that you will have an IR35 investigation if you have a relatively new compnay versus a company with 5 years and 500K in retained profit -

What does the team on here think?