Hello all,
I have taken up a contracting role from last month as a consultant. I have been a permanent employee for the last 3 years in the UK.
The question is regarding my pay structure. My accountant told me that as I have paid enough taxes for this year from April to October( from permanent employment) there is no need to take salary from my limited company and pay taxes on it. He advised me to take £xxx as dividends with no extra tax to pay until March next year and he can setup a salary from April.
I am going in for an extension of my Tier1 visa and do you think that this might be problem of not taking salary and tax free dividends, kindly advise?
Thanks in advance,
Karthik
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