have been working 5 years within same client/company via an agency. So the explicit assumption is all contractors will be inside IR35 from next year as per the client. The agency is planning to replicate the same as they are not bothered to take any risk. We are happy with client & agency and is offered an extra £25 per day rate to help us. So most of us are preparing ourselves to move inside IR35 from next year.
But the key query is,
1. If there is a change in IR35 determination from next year, will HMRC have an assertion to tag us as inside IR35 for previous 5 years? i.e. will this have backdated implications?
2. Would HMRC have enough data to pick and isolate "directors" who have shifted from limited company to umbrella company?
3. Is there any purpose of retaining existing limited company or can we close down after moving to umbrella company?
But the key query is,
1. If there is a change in IR35 determination from next year, will HMRC have an assertion to tag us as inside IR35 for previous 5 years? i.e. will this have backdated implications?
2. Would HMRC have enough data to pick and isolate "directors" who have shifted from limited company to umbrella company?
3. Is there any purpose of retaining existing limited company or can we close down after moving to umbrella company?
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