Started trading in 2013 and the company's second financial year ends on 31 January 2015.
The company only has profits of about £10k.
The director has not used up their personal allowance as they did not have a payroll scheme in place until November 2014. ( in hindsight, he really should not have set up the company given that low profit level)
Is it correct for director NI thresholds for salary to be prorated since the date the payroll scheme was registered in November (even though director's appointment was in 2013) ?
Or do you think that the director start date can be earlier than the payroll scheme start?
Replies (5)
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1 December?
Why put the start date as 1 December?
I'd put the start date as when he was first appointed as a director.