Chances of IR35 investigation on closed Ltd

[DiscoStu]

Thanks for the replies folks, think I'll let PCG lapse at the end of this year's subscription.

[jamesbrown]

If that's the case would it be beneficial to close a company and start another if... ahhm you think you may have left yourself open to investigation?

No, it's artificial, and you'd also be opening yourself up to issues with the Transactions in Securities legislation.

[gingerjedi]

If that's the case would it be beneficial to close a company and start another if... ahhm you think you may have left yourself open to investigation?

[Zero Liability]

Are there any obvious red flags to avoid setting up when closing the company? I plan on looking for graduate roles in the next year, so I want to close the ltd company, probably at its year-end at my accountant's suggestion, which will be after I 'exit' contracting.

[Jessica@WhiteFieldTax]

I highly doubt that HMRC would seek to raise an enquiry this late on. Of the enquiries we have had for our clients, none have been for closed companies.

Perhaps PCG could confirm whether they have defended any cases like this?

Martin

Agrees with my experience.

[DirtyDog]

I think that the PCG advice is to keep it for a year after closing, and then let it lapse.

I'd certainly drop it from PCG+ to the normal membership, since most of the benefits won't apply to you any more.

[Martin at NixonWilliams]

I closed my Ltd around two years ago since I returned to permiedom. I've kept up my PCG Plus membership so far in case of investigation, but I'm wondering how long I should keep it up for? Is an investigation likely more than two years after closing a company? Or should I keep the insurance in place for the full 6 years since it was closed?

<Awaits flaming>

I highly doubt that HMRC would seek to raise an enquiry this late on. Of the enquiries we have had for our clients, none have been for closed companies.

Perhaps PCG could confirm whether they have defended any cases like this?

Martin

[DiscoStu]

I closed my Ltd around two years ago since I returned to permiedom. I've kept up my PCG Plus membership so far in case of investigation, but I'm wondering how long I should keep it up for? Is an investigation likely more than two years after closing a company? Or should I keep the insurance in place for the full 6 years since it was closed?

<Awaits flaming>