Originally Posted by
p.dath
LAQC's no longer exist in practicality, and only suitable for the start-up period when a company is making a loss. After that you can't be an LAQC any more. And if your company is not making regular losses you can't be an LAQC anyway.
Personally, I am a PAYE employee of my own company. Nice and simple then. You are treated like an employee in most aspects of the law and Government policy.
The LAQC regime was replaced by the Look Through Company regime in (IIRC) 2009. there are important functional and tax differences and according to a CA I know, it makes the LTC pointless in a lot of cases due to the extra compliance cost.
I thought elections were decided by angry posts on social media. - F5 Dave
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