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Directors salary and self assessment

Directors salary and self assessment

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This may seem a stupid question, but I have started doubting myself and want clarification. As a director with year end accounts of dec 13. When self assessment is completed, are the payroll figures for year end april 14, the payroll paid up to april 14 or the payroll that has gone through the accounts, so up to dec 13. Realise that the dividends drawn and submitted in self assessment are up to dec 13 ie in the year end accounts.

Thanks for any advice.

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By Cathy R
21st Jan 2014 16:30

The paye income for the year ended 5th April 2014 should be entered, and any dividends paid to him during that period also.

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By jam2
21st Jan 2014 16:33

Thought so, but was just doubting. Many thanks

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By Euan MacLennan
21st Jan 2014 16:39

You are getting confused with sole traders

A sole trader who prepares his accounts to December 2013 would (normally) include the profits for his accounting year to December 2013 as the figures for self-employment in his 2013/14 SA return, but a company is a separate legal entity.  The salary per the form P60 issued by the company for the year ended 5 April 2014 is the figure for employment in his 2013/14 SA return, as is dividends paid to him in the year ended 5th April 2014.

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By andy.partridge
21st Jan 2014 16:40

The numbers will be the same as on the P14/P60 and tie in with the P35 submission.

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