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Of course! Register immediately, think u had to by April 2013 - also you have a legal obligation to issue payslips, even though you are only issuing them to yourself, and don't forget dividends too, they need to be formally declared and minutes taken.abdulraheem123 wrote:i dont know, i will ask accountant,
i dont give myself payslips as i am the only employee in my company, should i still be doing RTI for PAYE still?
yes i am withdrawing salary of minimum wage and the rest as dividends, but the accountant doesn't issue any payslips and dividends vouchers.MPH80 wrote:I think you need to be clear here. If you are paying yourself a salary - you need payslips. If you are withdrawing money as dividends - you should have the slips for that.
Time to sack your accountant, he sounds useless, I'm certain these things can't be issued retrospectively into a previous tax year, you need to sort that with your new accountant.abdulraheem123 wrote:yes i am withdrawing salary of minimum wage and the rest as dividends, but the accountant doesn't issue any payslips and dividends vouchers.MPH80 wrote:I think you need to be clear here. If you are paying yourself a salary - you need payslips. If you are withdrawing money as dividends - you should have the slips for that.
i will ask him to issue me payslips and dividend vouchers. but do you think it will matter to the ECO if it doesnt match up with the bank statements i will be providing?
yes i have just paid my CT now, no vat to pay as i dont earn that much to register for vat, i have done my 2014 self-assessment early alsoWanderer wrote:Time to sack your accountant, he sounds useless, I'm certain these things can't be issued retrospectively into a previous tax year, you need to sort that with your new accountant.abdulraheem123 wrote:yes i am withdrawing salary of minimum wage and the rest as dividends, but the accountant doesn't issue any payslips and dividends vouchers.MPH80 wrote:I think you need to be clear here. If you are paying yourself a salary - you need payslips. If you are withdrawing money as dividends - you should have the slips for that.
i will ask him to issue me payslips and dividend vouchers. but do you think it will matter to the ECO if it doesnt match up with the bank statements i will be providing?
Like I said, if it's too late to do that, all payments will be treated as a Directors Loan, with BIK/Interest due. Sounds like a right mess, have you paid any PAYE/CT/VAT at all?