RTI and minimum salary/dividend arrangements
As is common practice, I have several clients who operate a remuneration strategy of minimum salary topped up with dividends.
RTI will complicate this arrangement by presumably forcing each payment of minumum salary to be recorded and returned each month not to mention the increased time costs to the clients.
As an idea, would there be any problem with not making any minimum salary payments for 11 months and paying all the salary out in month 12. This means no RTI returns and effectively just a year end return to deal with the month 12 payment.
Can anybody see difficulties with this or are there any other solutions that may have been thought of?
- Claiming for breach of contract 213 4
- HMRC now overriding SA bank repayment details on tax returns 91 2
- Write an article on latest tax changes for landlords. 132 7
- Re-Training costs - tax reief 65 3
- AccountingWEB survey 338 4
- An IT question 340 8
- Maintenance company for buy to let 101 1
- Entrepreneurs' Relief upon sale of a cash rich company 2,105 38
- Disengagement Help! 1,392 21
- Is it possible to link documents into transactions in Sage? 74 1
- Accounting for stolen van? 200 3
- Digital tax accounts - what do we expect? 1,155 21
- Capital losses on foreign property 155 1
- Creative Auto Enrolment 687 10
- self employed losses 172 1
- Unpaid fees 462 9
- Vat payable on van 309 2
- Accounting for corporation tax 584 13
- Is self-employment "another job" for PAYE 618 12
- Change PAYE agent address 159 1