If my director pays himself a salary of £589 for Jan, Feb and March by the end of March what are his HMRC reporting obligations? Will he have to complete P14s, P35s or is there any exemption for really low wages?
Its a start up business.
The shareholder - not a director also wants to take a wage of the same amount. Can he do this retrospectively like the director? is there any way to get around the min wage issue? He also receives dividends rather than wages so is keen to keep the wages small to minimise NIC.