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Nightmare becomes reality
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Nightmare becomes reality
STRENGTH - "A river cuts through rock not because of its power, but its persistence" -
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Wouldn't put it past them though.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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keep seeing mention of contractors having to close down their limited due to these changes. Is that really feasible - close them down and just walk away, possibly owing tax, etc?Comment
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So a hyperbolic article predicting the demise of the Ltd. Co. contractor followed by an advert for a couple of no doubt related Umbrella companies.
Hmm...
A slightly less hysterical take on it here.
https://www.contractoruk.com/news/00...mpaign=Comment"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by oliverson View Postkeep seeing mention of contractors having to close down their limited due to these changes. Is that really feasible - close them down and just walk away, possibly owing tax, etc?Down with racism. Long live miscegenation!Comment
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Erm. I've not heard anything regarding retrospective investigations beyond anecdotal panicking.
Sure HMRC may look at your current status and say - you're a disguised employee you're liable for extra tax on your current contract, but I've seen nothing to suggest that they will use that as a tool to go back and look at previous contracts?And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.Comment
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It may not be true but it could be and that's the point. Really looking forward to the fun beginning for the rest of us!Comment
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Monkeys might fly out of my butt, but I bet they don't. Unless there's any supporting evidence (and I'm yet to see any), screaming about retrospective taxation is just FUD at this stage.And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.Comment
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