Originally posted by GhostofTarbera
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Closing company and going umbrella with same end client
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Originally posted by craigy1874 View PostYou also don't need to worry about it if you take the < £25k as a capital distribution.Comment
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If assets are under £25k you don't need an MVL to dissolve the company and take capital - you can do it by just striking off the company.
There are a few sources on the web that suggest that the Phoenixing TAAR does not apply on strike-off - here's one example. It may of course be wrong, but it's a question worth asking.Comment
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Originally posted by Amanensia View PostIf assets are under £25k you don't need an MVL to dissolve the company and take capital - you can do it by just striking off the company.
There are a few sources on the web that suggest that the Phoenixing TAAR does not apply on strike-off - here's one example. It may of course be wrong, but it's a question worth asking.Comment
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Yes, interesting option.
A comparison between striking off and MVL: Striking off Vs. Liquidation - Company DebtComment
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Originally posted by Lance View Postan ex-contractor I know, retired, and got the government to cough up some of the statutory redundancy as his CO was skint. Sounds a bit dodgy like, but he got the cash.
Seriously what are the rules/law on a LTD director (also on employment contract) to pay themself redundancy of upto £30000 (or £20000 was it)?Comment
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Originally posted by vas View PostIs this true
Seriously what are the rules/law on a LTD director (also on employment contract) to pay themself redundancy of upto £30000 (or £20000 was it)?
I'm not close to retiring so not something I've investigated.
Perhaps JtB will be along soon to help. He's old and well up on employment rights.See You Next TuesdayComment
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Originally posted by vas View PostIs this true
Seriously what are the rules/law on a LTD director (also on employment contract) to pay themself redundancy of upto £30000 (or £20000 was it)?Last edited by Contractor UK; 27 June 2020, 14:41.Comment
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Originally posted by Maslins View PostMy understanding is it's basically impossible for a contractor to qualify for this.Last edited by Contractor UK; 27 June 2020, 14:41.Comment
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Coming back to this old thread.... I've been offered a permanent role, same client, with such a great package that I'd be mad to turn down. Given that there are no employees doing the same role as me, and never have been, if I were to take the permanent role and close the company down would that put me at risk of being clobbered as inside IR35 for the time contracting previously?Comment
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