Director Salary

Hi All,

 

There are 4 directors who are also shareholders of a limited company. However none of them want to pay themselves as employees through PAYE but instead as self employed contractors. My understanding is that the directors have to be employees of the company and thus have to be paid via PAYE and the contracting option does not exist.

Can someone please confirm this for me or advise accordingly.

Many thanks guys...

Comments
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directors often have two roles

tonycourt |

Shocker they don't want to

justsotax |

I thought....

tonycourt |

Hi Guys, thanks for your

khalm0 |

@tonycourt...

justsotax |

Just to be clear

tonycourt |

I must have missed the point I guess...but

justsotax |

Dividends

James99001 |

WORRIED

Tom 7000 |
Tom 7000's picture

The firm that I used to work

Towards excellence |

Clarification

wealth architecture |

contract of employment

Halex |

 

Steve-EBL |
Steve-EBL's picture

Again...why would you

justsotax |

Where did that come from?

petersaxton |
petersaxton's picture

May be I jumped the gun....

tonycourt |

@Tony....my initial comments were perhaps

justsotax |

is it not just about paying as little tax as possible?

mcfarlanetoms |
mcfarlanetoms's picture

Accountants attitude

petersaxton |
petersaxton's picture

IR35

ShirleyM |
ShirleyM's picture

@mcfarlanetoms...perhaps i have missed something...

justsotax |

My experience

petersaxton |
petersaxton's picture

Small exceptions limit

cfield |
cfield's picture

partnership

aiwalters |
aiwalters's picture

Hi Guys,

khalm0 |