Still gathering requirements...

Originally Posted by
MrMarkyMark
Hmmmm, seems a bit of a risk there, no?
I hope you have the money to cover those 2 years should HMRC come a knocking.
Agency returns make it very easy to pick these up as far as HMRC are concerned, although ultimately it may be an insufficient amount for them to bother with.
Agreed 100% ... hence closing the company. IMHO the best bet in combatting an investigation ... but certainly not guaranteed. Also, the Pension element will be protected from such an investigation.
It also raises the question .... who are HMRC more likely to investigate next year? .... the switchers who still have their Company open, the switchers who closed their Company with an MVL (practically guaranteed win there in clawing back large tax amounts) or switchers who closed without an MVL (who may have paid more tax than those utilising MVL)?
Let's be honest .... its a horrible time for everybody...especially contractors. It's all well and good folks criticising the switchers and permie-contractors, but contractors will likely be happy in just having a job in the next 6-12 months. If switchers would have simply left a few weeks back they could quite easily find themselves out of a job of any kind for a very long period of time.