Recent content by emufeet

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    How To Close My Insolvent LTD Company

    That's what I meant.
  2. E

    How To Close My Insolvent LTD Company

    My understanding is you were allowed to use the funds to pay yourself if this was not excessive and not significantly different to your normal practice. BBL funds were provided to be used in the best interest of the company to enable it to survive through an unprecedented crisis into the future...
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    How To Close My Insolvent LTD Company

    Firstly stop paying the BBL from your own funds. You have no personal liability to pay it and morally you don't either after the government gave us contractors zero support during Covid and then destroyed our livelihoods with IR35 changes! The sensible route at some point is likely to be...
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    New law to stop spongebob plan??

    True, but at the moment nothing would surprise me - a break up of the Tory party perhaps? A new middle ground party? Who knows?
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    New law to stop spongebob plan??

    Highly likely yes, but not yet in the legislation. The government often says it intends to do XYZ but it's not absolutely certain. Who knows if this government will even be in power for the next Finance Bill?
  6. E

    New law to stop spongebob plan??

    You keep saying that - but you can't point us to where it is in the legislation? A consultation report is not legislation. Please show me where it is mentioned in the Finance Bill (or other parliamentary bill). I don't mean the bit about demanding security, or giving the taxman priority in...
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    New law to stop spongebob plan??

    You agree with me, that it's not in this year's Finance Bill? Or am I just not looking hard enough?
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    New law to stop spongebob plan??

    So it looks like it is not in this year's Finance Bill and may go into next years, contrary to what was said before?
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    New law to stop spongebob plan??

    This is referring to HMRC becoming preferential creditors in insolvency. It does not mention passing liability to directors which is what the OP asked about. As I said I can find nothing about that in the Finance Bill which is currently in the House of Lords.
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    New law to stop spongebob plan??

    Yes including how the new rules (if they do actually exist) will be applied.
  11. E

    New law to stop spongebob plan??

    Thanks - I have seen these comments in many places too. However, I cannot find anything about it in the Finance Bill. Maybe it was left out for some reason? Or maybe I am searching for the wrong words in the Bill.
  12. E

    New law to stop spongebob plan??

    I thought so too but I have scoured the latest finance bill and can find no mention of this. Do you know which paragraph it is in?
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    started Spongebob how to proceed with HMRC

    Hi Vala, just wondered if there was any update on the situation? I am in a very similar situation.
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