Yes it is pay as a director but there are certain perks in that you don't necessarily paye Employees contribution on every month until you reach the threshold (other employees are assessed on a month by month basis) if you are not using a paye disc mike your accountant or bookkeeper should be keeping on top of this ,
The other thing is that your company should be submitting its returns on time its about 7months after our financial year ends and you can nominate when that is they can get quite sniffy about late returns however you could earn very little as an employee ,claim all you allowable expenses an d then pay corporation tax on the profit and collect that as a dividend .
You should always earn just over your tax free limit which used to include the now gone 10p rate as its cheaper than paying CpT at about 19% I think
Originally Posted by keithAngel
Yes it is pay as a director but there are certain perks in that you don't necessarily paye Employees contribution on every month until you reach the threshold (other employees are assessed on a month by month basis) if you are not using a paye disc mike your accountant or bookkeeper should be keeping on top of this ,
