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  • Interesting. Are HMRC in a position to advise on working capital requirements?

    I'd have thought not, maybe it depends on the scale of the cash pile.

    A while back my father fell out with his business bank and as result moved to working capital rather than borrowing to run his firm (by minimising dividends and other cash outflows). He's not mentioned HMRC not liking it.

    Edit: also has anyone told Berkshire Hathaway about this? :)

  • Yes, it was a bit tongue in cheek about how a tax authority could legitimately argue against retained profits in a business. Maybe they can, but I've not heard of it before.

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