One Company with Two PAYE Registrations

One company operates two distinctive businesses, each of which has its own PAYE registration.

Two employees (Managing Director & Accountant) spend 50% of their time in one business and 50% of time in the other business.

Would it be acceptable to split their gross salaries between the two PAYE registrations, thus making a nice saving on NICs?

Any issues that could arise from this?

 

Comments
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Yes and no

neileg |

If it sounds too good to be true, it probaby is!

David A |