Blogger
Share this content
0
2
580

Directors earnings period commencement date clarification

I have a situation where a company was formed on 16/11/2011 when two directors were appointed. The company was dormant up to 30/6/2012. The company commenced trading on 1/7/2012 when the self employed business was transferred to the Limited Company. No remuneration has been processed up to 28/2/2013. Remuneration for both the directors is to be put through the payroll in the month of March 2013. As the directors were already appointed before 6/4/2012, I believe that the Director's earnings period commence on 6/4/2012 and not 1/7/2012 for NIC purposes. Readers clarification that my understanding is correct would be appreciated.

Replies

Please login or register to join the discussion.

25th Feb 2013 13:38

This came up the other day

See here.

Thanks (0)

CA44...

.... refers repeatedly to "Appointment Date" when specifying director's earnings periods for NI purposes. Commencement of trading or indeed the date that a director was put on the payroll seem to be irrelevant for this purpose.

So I think your understanding is correct.

 

Thanks (0)