Originally posted by ladymuck
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If you had a contract review, you won't have penalties. Estimate your liability should HMRC decide your whole time there was inside and put that amount in a six month bond. If they don't come calling in that time, roll it over for another six month bond. If they still haven't come calling, and there aren't any reports about them going after people historically, maybe you've dodged it, roll it over into a year bond to get a higher rate.
Whatever you do, don't touch the money until six years have gone by, but you might as well earn some interest on it.
If you didn't have a contract review, then you are vulnerable to penalties as well. In that case, your options are to just declare the contract as being inside from day one, or to not renew and get away from there so your name isn't on a list with "outside before, inside after".
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