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Would you tell me, do I need to pay employer and employee if
Good morningPlease, would you tell me, do I need to pay employer and employee nino if I am director of my ltd? Thank you… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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A director & minority shareholder has an overdrawn
Hi Tony, a director & minority shareholder has an overdrawn Director's Loan Account. The shareholders have agreed that they would write off some of the DLA > £10k. (1) What is the mechanism for cal… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Dear ***** My question is about PAYE and particular class
Dear ***** My question is about PAYE and particular class 1 NI for directors. I understand that they do not pay each week but at the end year when they exceed the NI free amount. However, I have a cli… read more
bigduckontax
bigduckontax
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1,369 satisfied customers
I am a 55 year old male physiotherapist who has just taken
I am a 55 year old male physiotherapist who has just taken early retirement from the health service. My Pension is £9200 pa. I have just started p/t work with a private practice and they are paying me… read more
Tony Tax
Tony Tax
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Hi After taking early retirement, Ive been self-employed
Hi After taking early retirement, I've been self-employed for just over 3years but not 'worked' since april 2010. However I am available if required. In addition I became a director of a limited compa… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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Need to enter tax district and reference number on an application
Need to enter tax district and reference number on an application form for pension annuity (Legal & General), but I don't appear to have any recent HMRC correspondence giving these details. Is there a… read more
Tony Tax
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Hi Sam, If a company director recived a directors remuneration
Hi Sam, If a company director recived a directors remuneration of £6000 and is also register for self assessment. Do the company still have to collect NI & Tax and pay empolyers NI? Ron… read more
Sam
Sam
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Higher Officer HMRC
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Hello, how does tax liabilities work for someone who will be
Hello, how does tax liabilities work for someone who will be 50% director of one Ltd company and a sole trader of another? If it is more tax efficient to be a director of two Ltd companies than a sole… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
I am currently self employed and searching for a legitmate
I am currently self employed and searching for a legitmate method(s) to reduce my annual taxable income. If I purchased shares in another company as a potential investment would this legitimately lowe… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Making up a NI contributions shortfall. From Q3 2001 until
Making up a NI contributions shortfall. From Q3 2001 until mid 2006 I was self-employed and I paid class 2 and class 4 NI contributions. I became the director of a company in Q2 2005 but it didn't sta… read more
taxadvisor.uk
taxadvisor.uk
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hello. if a director is the only employee of a private ltd
hello. if a director is the only employee of a private ltd company. what tax does he pay. does he pay corporation tax on his profits (disallowing his drawings) or should he pay income tax on his drawi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
For the purpose of national insurance, if a single annual payment
For the purpose of national insurance, if a single annual payment is made to a director of £5,000 (below the lower earnings limit of £97) is there any NI due as averaged it is only £96.15 / per week. … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
HI, If an employer pays me a cash incentive directly, rather
HI, If an employer pays me a cash incentive directly, rather than through the business, but in relation to work done within the business, what are my tax liabilities? I believe they are intending to p… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
If I take a 200,000 loan from my limited company and pay it
If I take a £200,000 loan from my limited company and pay it back with the official HMRC interest rate within 9 months of the year end of my company are there any tax liabilities for the company other… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi I am a 55 year old director of my own company. I paid
Hi I am a 55 year old director of my own company. I paid myself a gross salary of £5714 on 1st March 2010 .That is all i paid myself for the 09 to 2010 year. My Tax code is 867L How much tax and NI do… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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High School or GED
756 satisfied customers
I work 3 days per week for a company and pay NI and PAYE. I
I work 3 days per week for a company and pay NI and PAYE. I have started a company and am sole director and intend to take dividends but am I allowed to take a salary of £476 per month which falls und… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
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I am thinking of starting my own limited company( UK) I will
I am thinking of starting my own limited company( UK) I will be the only employee and I am estimating will earn only about 50,000£ B4 tax. Please tell me what my taxes have to be. Do I have to pay NI … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Hello I am director of my own company and am struggling to
Hello I am director of my own company and am struggling to understand PAYE and Class 1 NI contributions. My accountant advised me to register for PAYE and I have now received the employers start-up pa… read more
Sam
Sam
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