I think I might have made a boob, if yes then i want to rectify.
I have been a professional chef since 2014. Since my initial internship, i became a type of freelance chef for various health clubs. Becuase of this job i was self employed ofcourse. So how i worked was I gave invoices at the end of the week or month to to clubs i worked for, and then do SA at the end of year.
But, I start my own takeway shop in June last year. [edit: take away business is LTD co.]
I never taken any money out of the business because after all monthly bills and rent there was not much left. But after it built up and so in May 2019 i took out £13,500 as salary. But i did this by issuing a invoice to my takeway business.
I thought this was a easy way of doing it, but speaking with my brothers in law he says its not right and i could get fined as it looks like im not paying the proper tax. This is never my intention
I don't want to do this wrong. If its wrong i want to rectify. I have never done anything wrong financially in my life.
Can anyone help?