Client thinking of winding up limited company

Hi all

I have a client who is thinking of winding up his limited company and becoming self employed. The turnover is approx £150,000, he has a PAYE scheme which pays him and his wife. I think he is thinking that if he stops being limited that "tax matters" will become simpler, but my thinking is that he will still have to be VAT registered, still have to have a PAYE scheme and be liable for Class 4 NICs on profit as a sole trader.

Any thoughts?



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Difficult to say with information provided

petersaxton |
petersaxton's picture

Comercial and other factors

tim hervey |