Limited Company - being accepted as employed

[corby]

Hi all,

I am in the UK under Tier1 General! I just setup a limited company last week and I am the companies director. I haven't got any contract and revenue yet.

Do I need to make the PAYE registration from now and have a salary to be accepted as employed. Or is it enough to be the companies director?

I will go abroad in two days. I need to be accepted as employed when I am outside the UK. I don't want to damage my 5 year continuous period!

Thanks,
Corby

[Wehi]

Do I need to make the PAYE registration from now and have a salary to be accepted as employed. Or is it enough to be the companies director?

They will want to see you are making money from the company.

You will need your wage or salary slips plus your dividend vouchers and all your bank statements. Its a good idea to get your accountant to notarize the dividend vouchers, stamp the pay slips and provide a letter showing what your company has paid you (both as a salary and in dividends).

The dates on the payslips & dividend vouchers will need to match your bank statements and the UKBA will cross check with the HMRC computers to ensure you have paid your tax so make sure everything is up to date and squeaky clean.