A client from way back approached me a few weeks ago to act for his company which was formed in July 17. No PAYE scheme opened yet. Turnover £8.5K to 5 April 2018 and most of it taken out for own use. If I treat as dividends then CT liablity of £1.6K as expenses minimal. No problem treating it as salary as he has full PAs. If I treat as loans and put through as salary as of 5 April 2018 then late RTI notification and potential penalty although possibly treated as first failure for 2017-18? Any thoughts please?