So, seems I'm in the same position as a lot of people.
My contract comes to an end on October 31st (the specific role I'm on comes to an end as a permie is taking over the project - she is currently working alongside me on it). I am being offered a new 3 month contract on a new project.
My client has not even started looking at what they are going to do, which is mad because it's a very large business.
So, a couple of questions:
1. If I accept the new contract, and I get an Inside IR35 determination for this new role, will I be liable for back-tax on my previous roles, or just on the new 3 month contract?
2. Can I shut down my LTD company and take ER if that determination is made on the new contract, and then just continue on the new contract as "Inside" IR35 (repaying any tax owing on that 3 month contract)?
My contract comes to an end on October 31st (the specific role I'm on comes to an end as a permie is taking over the project - she is currently working alongside me on it). I am being offered a new 3 month contract on a new project.
My client has not even started looking at what they are going to do, which is mad because it's a very large business.
So, a couple of questions:
1. If I accept the new contract, and I get an Inside IR35 determination for this new role, will I be liable for back-tax on my previous roles, or just on the new 3 month contract?
2. Can I shut down my LTD company and take ER if that determination is made on the new contract, and then just continue on the new contract as "Inside" IR35 (repaying any tax owing on that 3 month contract)?
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