Redundancy and Directors | AccountingWEB

Redundancy and Directors

Can a husband and wife who both have employment contracts and work in a business which now has no work pay themselves redundancy and notice pay before they pay their creditors? If so can they pay the statutory rate or the minimum wage amount which is what they receive at the moment?

Any help would be appreciated.

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In theory yes, however in practice no.

frustratedwithhmrc |
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