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Do i need to register as an employer and submit a P35

Hi, I've recently started my own business. I have no employees at present and I am the only director.

I am paying myself a very small salary - £500 a month.

My question is, do I need to register as an employer? From reading through the HMRC website I'm not sure as I qualify as one employee? And if so do I need to complete a P35/P60/P11 just for me?

I'm getting paid above the minimum LEL but don't have to pay any PAYE or NI.

Any help would be much appreciated!

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You need to register...

... and you need to get an accountant to answer questions like this for you. This site is designed for accountants to help each other, not to provide free advice for the general public.

 

Steve

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Eh?

Steve McQueen wrote:

... and you need to get an accountant to answer questions like this for you. This site is designed for accountants to help each other, not to provide free advice for the general public.

 

Steve

Is it? Who says?

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yes

I assume you are trading through a limited company. If so, then at the salary you're describing, you'll need to register as an employer, and complete a P35/P60/P11 etc. Don't forget to complete a P46, if you don't have a P45 from a previous job.

 

If you take your earnings below the LEL (£102pw) then you'd avoid the procedure, but of course you wouldn't receive a point for pension purposes. 

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steve

posts clashed

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@ neileg, sorry but I can't resist it!...

Hello, neileg, I'm sure I am going to regret this, but I can't help myself!

The publishers of this site - Swift Media - describe themselves as:

"... a leading business-to-business publisher specialising in online, interactive professional communities... including websites, email publications, industry awards and events, to over half a million professionals in accounting and finance..."

So I think, to answer your questions, the site owners and publishers say its for accountants! ;-)

Sorry in advance for a smart answer, but its a slow day!

 

Regards

 

Steve

 

 

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OK, that's Sift's view of the site! Sometimes this community is very unprofessional, though...

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Ooooh Speak for your self dearie

I feel an attack of Up Pompeii coming on

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I agree with Steve

I wouldn't mind answering the odd question but when it's obvious that the OP needs a lot of advice then Steve is right.

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I agree with S McQ.  Answering 1 easy question just leads to another easy question and does not really do the question asker any favours.  

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Perhaps

But I've no objection to helping out a non-accountant for free. Sometimes this forum sees some complex queries from accountants and I suspect they'll be charging their clients for passing on the answers. Equally there are very basic questions that appear to be from accountants and you wonder how they have the cheek to be in practice!

I think we all bring something different to the forum and that's part of its success. Need any advice on the CIPFA Local Authority Transport Infrastructure Assets Code and I'm your man...

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Are answers to questions enough?

A non-accountant asking a series of questions could be going round in circles and not understanding what needs to be done. I know plenty of clients who ask the wrong questions and need to be told what to do.

A local accountant can answer questions and guide their client successfully through much more.

I think I know what would be more successful.

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