Reply to: Do you think you will be investigated ?

[Jubber]

I already had insurance against IR35 investigation (through PCG membership (yes I know) & QDOS (who were very very good) dealt with it through 2 1/2 years of correspondence with assorted HMRC drones who finally admitted defeat

Wow - my PAYE/IR35 'review' was easy peasy compared to that. Hector was quite a nice bloke actually. He had a list of IR35 questions to ask me, which I answered. He went away with all my books, contracts etc and sent me a letter saying I owed a few hundred quid and that was it. The most annoying bit of the whole thing is that he sent years of company books back by standard post in a big box, which the postman left on the doorstep !!

[Troll]

...what happened next?

I already had insurance against IR35 investigation (through PCG membership (yes I know) & QDOS (who were very very good) dealt with it through 2 1/2 years of correspondence with assorted HMRC drones who finally admitted defeat

[ChimpMaster]

…. but then they asked for ‘the contracts’ and it morphed into a IR35 investigation

...what happened next?

[Troll]

Shirley that's the best idea, ne c'est pas?

Works for me when I first started I was immensely proud of my little old company that I created... it was my baby ... I paid all taxes due on time and in full, I felt that longevity gave it an aura of respectability and credit worthiness..... Then the PAYE investigation (aka fishing trip) started & it quickly became clear that the longer time you had been running the more they had to fish for and the more outrageous their demands were – ffs the moron who visited announced that accountants fees were not an allowable business expense!!

Bully boy tactics were the order of the day and a lot of rounding & ‘deeming’ used in their calculations of amounts owing – ended up as a £13k demand if I recall but reduced to a reluctant £300 by my astute accountant…. but then they asked for ‘the contracts’ and it morphed into a IR35 investigation

[tay]

Lacking an option in this poll. I dont worry about it much, but also dont discount thefact I might be investigated.

Your poll is to melodramatic, not everyone is a drama queen.

[sasguru]

Fermat

theorem

Ah I see atw got there before me

[sasguru]

Would you discuss Fermet's theory on a first date?

FFS Fermat!

[Troll]

Are their small public sector commie brains capable of reasoning that it makes more sense to investigate a target with a larger potential liability? Do your chances increase/decrease according to their potential take from an investigation? Does anyone know?

Not categorically, but anecdotal evidence & common sense suggest this is the way they will target their operations

[ChimpMaster]

just close your company down after 3

Shirley that's the best idea, ne c'est pas?

[Marina]

Would you discuss Fermet's theory on a first date?

Fermat

theorem

[Archangel]

Where is the "I've already been investigated" option?

[rootsnall]

Just wondered how paranoid people are about being IR35 investigated ?

Even though Im pretty much outside of IR35, I'm still worry about it, sometimes I dont think about it other times it keeps me up at night thinking could I lose everything... would they make me declare myself bankrupt resulting in never being able to work in my sector again. Some people I know dont break a sweat even though there still doing loans and trust etc.

Why are you going to lose everything !? If you lose an IR35 case you are basically paying back the NI that you saved in the first place, plus interest, plus a possible penalty percentage that doens't seem to be applied. This should not bankrupt you, if it will you are living beyond your means. Don't stay in one contract for years and put something away to cover the worst case scenario.

[bobhope]

No,

last UK contract was in 2002 so no chance.

[Denny]

No you wouldn't. Most of my female staff fall for my charms

Would you discuss Fermet's theory on a first date?

[Troll]

What worries me is that I'll get investigated 5 years down the line when I've forgotten all about what I was doing on this contract.

just close your company down after 3