Originally posted by luxCon
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MVL - entrepreneurs relief and starting new LTD Company
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Originally posted by luxCon View PostOk, When I say forced I mean it was the option between going PAYE or not having any income. The client terminated the contract with my company and offered me a job, take it or leave it.
Originally posted by luxCon View PostWhat if say my wife setup the new LTD company? Noting that she is a minority shareholder in the old one and benefiting from distribution.
Why would a TAAR rule apply only to the majority shareholder?See You Next TuesdayComment
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No, your wife fails the connected person element of the TAAR. Suck it up and stop trying to evade the tax you properly owe.Comment
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Originally posted by Paralytic View PostNo chance - HMRC "look through" such scam arrangements and would easily see that you're a controlling entity in the new Ltd. This one is as transparent as it gets.
https://twitter.com/barronjohn1946/s...786200064?s=21
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I'd imagine if you were forced inside 35 then you were inside all along so better you let the Ltd die and avoid being low hanging fruit for HMRC.
I called this situation Re shutting companies without thinking properly last year when we got the raft of questions from short sighted greedy people wanting their chunk of cash but not thinking beyond the end of their noses. People were gonna get caught out and there is no coming back. You MVL so you are done for two years. No fiddles or magic beans for this one. Guess it sorts the contractors out from the rest.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostI'd imagine if you were forced inside 35 then you were inside all along so better you let the Ltd die and avoid being low hanging fruit for HMRC.
I called this situation Re shutting companies without thinking properly last year when we got the raft of questions from short sighted greedy people wanting their chunk of cash but not thinking beyond the end of their noses. People were gonna get caught out and there is no coming back. You MVL so you are done for two years. No fiddles or magic beans for this one. Guess it sorts the contractors out from the rest.
Northernlad, you seem to know everything. What if I collected all the invoices, and sent them all a day after the 2 years?? Wil that do the trick?Comment
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Originally posted by luxCon View PostNorthernlad, you seem to know everything. What if I collected all the invoices, and sent them all a day after the 2 years?? Wil that do the trick?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by luxCon View PostNorthernlad, you seem to know everything. What if I collected all the invoices, and sent them all a day after the 2 years?? Wil that do the trick?See You Next TuesdayComment
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