I just started my first contract 2 weeks ago and I'm working with an umbrella company.
I've left 5.5 months in my contract and then I'm going back to permie (not in the UK) so I want to maximise my earnings during that time therefore want to form my own ltd.
My question is, would it be wise to just go ltd and handle tax outside IR35 without checking where my contract stands with regards to IR35? This is considering it's going to be my first and only contract and I will be out if the country for a few years after that if not for good.
How risky is this really if at all?
I've left 5.5 months in my contract and then I'm going back to permie (not in the UK) so I want to maximise my earnings during that time therefore want to form my own ltd.
My question is, would it be wise to just go ltd and handle tax outside IR35 without checking where my contract stands with regards to IR35? This is considering it's going to be my first and only contract and I will be out if the country for a few years after that if not for good.
How risky is this really if at all?
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