I am trying to file CT600 and accounts through HMRC Pdf online software and I have one question.
I have 1 director and 1 employee in the company, both received their salaries throughout the year and taxes (PAYE, Ee.NI, Er.NI) for both have been paid.
Now in statutory accounts there are 2 notes:
Directors' remuneration
and
Employees
Do i need to file both of these notes?
What should be in Directors' remuneration note and what should be in Employees note?
Could anyone explain please, I am doing it first time.
Thanks in advanced so much.
Replies (4)
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No note on staff
I know nothing about entering statutory accounts through the HMRC joint filing software, but assuming that it is a small company, the only legal requirement, as set out in s.412 CA 2016 and SCG(ADR) Regs. 2088 Sch.3, Part 1, is to disclose the directors' remuneration - including pension contributions, but not employer's NIC.
Gross plus any benefits in kind
As above it is gross plus also any benefits in kind - unless you file Micro accounts, then you don't need to file any notes on remuneration.