Can you be sub-contracted to a company you own!

Two independant person each now have a self-employed trade.

They equally own a company in the same line of country that they are both directors of.

If they are working on projects the company is involved in can they invoice through their sole trade as any other sub-contractor would to the company and as they would to any other client. The argument being that they are being paid as consultants in cost of sales and not in their capacity as directors which is an admin role and the costs of which would be borne out of net profit, not gross?

Thanks in advance for any thoughts you may have on this.

 

 

 

Comments
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Yes, but...

neileg |

Director's fees

Euan MacLennan |
Euan MacLennan's picture

I have always understood that...

Old Greying Accountant |
Old Greying Accountant's picture

The difference is ...

Euan MacLennan |
Euan MacLennan's picture