Long time reader, first time poster. The forum is the best source of information but this is recent so haven't been able to find the relevant thread.
Essentially, I have woke up to the reality of what might be happening soon with the ER and CGT reforms to pay for all the Covid-19 spending.
Assuming they both get substantially changed in a) October b) March budget is there any point in starting the MVL process now or is it too late? (I have an option to continue for maybe a few more months before work dries up with the contract deemed as Outside by an independent legal opinion which is why I haven't closed earlier).
Ideal case scenario is claiming ER on any retained profit, second best case is at least paying the CGT at the current rates. CGT seems like a potential target combined with the government's plan to tax flexible workforce out of existence - perm roles actually appear attractive now compared to what umbrellas are offering.
I.e. if by some miracle the liquidator transfers the money out of the business account before the October budget does it mean current rules would still apply?
Essentially, I have woke up to the reality of what might be happening soon with the ER and CGT reforms to pay for all the Covid-19 spending.
Assuming they both get substantially changed in a) October b) March budget is there any point in starting the MVL process now or is it too late? (I have an option to continue for maybe a few more months before work dries up with the contract deemed as Outside by an independent legal opinion which is why I haven't closed earlier).
Ideal case scenario is claiming ER on any retained profit, second best case is at least paying the CGT at the current rates. CGT seems like a potential target combined with the government's plan to tax flexible workforce out of existence - perm roles actually appear attractive now compared to what umbrellas are offering.
I.e. if by some miracle the liquidator transfers the money out of the business account before the October budget does it mean current rules would still apply?
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