Tax implications for PAYE with side business income

I work for a business FT and am about 5k away from paying the higher 40% tax rate.

I'm shortly to launch a business as a co-director that should earn me around £2-5k by the summer.

My question:
1. What tax form(s) will I need to fill in?
2. Shall I take a salary from the company or can I take all profits as a dividend?
3. If my role was instead as company secretary, would my tax status be different?

Any expert help would be greatly appreciated.

Many thanks

Comments
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I forgot to mention - I will

itsmickdundee |

1,2 & 3

zebaa |

Given that you are a director

Fred Smith |

Requirements

hally993 |

@hally993

Euan MacLennan |
Euan MacLennan's picture

earnings/profits & time period

beanz |
beanz's picture

@ Euan

hkfinancials |

@hkfinancials

neileg |

My first post and I have got

BES |