Single Director owner managed business.
The directors wife works on the admin side of the business and is paid a realistic wage for the work done which is above the limit to qualify for SMP.
Based on the Gov.uk website she is eligible for SMP.
Any pitfalls in claiming SMP for the spouses of single owner managed businesses.
THe SMP reclaim of 103% from HMRC will create a £5k credit and the monthly paye/nic payment is only modest therefore can HMRC be asked for an in year repayment or is this restricted to businesses who do not have the funds to pay SMP.