Tax efficient method to move cash from one Ltd co to another

[Venisonpie]

I'm looking to set up a Ltd co that will work closely with an established business but will be doing some consultancy work for the latter initially. Ideally I'd like to take what's owed from the consultancy work as an investment into the new one from the current one. Can the new co simply invoice the current one for services rendered or is this wishful thinking?

Apologies for the ignorance.

[Sy1441]

Venisonpie said:

I'm looking to set up a Ltd co that will work closely with an established business but will be doing some consultancy work for the latter initially. Ideally I'd like to take what's owed from the consultancy work as an investment into the new one from the current one. Can the new co simply invoice the current one for services rendered or is this wishful thinking?

Apologies for the ignorance.

Yes it's that simple. You will have to pay CT on the operating profits then whatever personal tax is applicable for money withdrawn.

[Venisonpie]

Sy1441 said:

Venisonpie said:

I'm looking to set up a Ltd co that will work closely with an established business but will be doing some consultancy work for the latter initially. Ideally I'd like to take what's owed from the consultancy work as an investment into the new one from the current one. Can the new co simply invoice the current one for services rendered or is this wishful thinking?

Apologies for the ignorance.

Yes it's that simple. You will have to pay CT on the operating profits then whatever personal tax is applicable for money withdrawn.

Thanks. Would this fall under IR35 regs?