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Nov 29, 2012 · Client ltd company employed the director and the company secretary( salary £25k) who actaully worked in the business as well as being company secretary. Downturn in business meant a halt to payment of salaries and dividends and expense advances to the secretary were written off "to be treated as a redundancy payment" - about £4000 so a reasonable figure but not an ideal way of going about it.
Apr 5, 2016 · The post of company secretary is an "office" rather than an "employment" i.e. it has an existence independent of the person who holds it. An office holder would normally be paid a modest honorarium if the duties of the office are only occasional and minimal, and a salary if they were more regular and more substantial.
Feb 17, 2016 · Whilst I agree that a company secretary paid under £10,000 would be a non-eligible jobholder and that a pension scheme is not required until the non-eligible jobholder decides to opt in, the administration of sending a letter to the employee, notifying TPR of compliance and continuing to assess is more onerous than just the one-off notification of exemption if the company secretary is appointed as a director.
Sep 16, 2002 · 16th Sep 2002 16:59. DIVIDENDS/CO SEC. Chris. As long as she is a registered shareholder she can take dividends. If, together with her otherincome, the total does not take her into higher rate tax there would be no additional tax liability. If there is no liability there should be no need for a return. Although if the Revenue has issued one it ...
May 23, 2012 · By George Attazder. 23rd May 2012 14:41. Office. Historically company Secretary was an office, just as a director is, but offices are taxed like employments. A person that is an office-holder can be an employee in addition to being an office-holder. However, since company law no longer requires that a private company has a company secretary, I ...
Oct 28, 2021 · Each leaseholder holds an equal share in the limited copmpany i.e. 1 share for every flat. She is concerned that given the company secretary receives a regular payment (£720 per year), they would be deemed an employee, and therefore this should 1) be reported via RTI, and 2) would there be any IR35 implications.
Feb 12, 2019 · Surely you're only going to get tax relief at 19% i.e. corp tax saving because the pension fund won't be claiming any relief on E'er's conts. I don't see the point unless the director has used up all the annual allowance elsewhere (and b/fwd spare) because if not then the relief will be at least 20% in PAYE i.e. marginal tax rate.
Sep 3, 2010 · This would be the cleanest way of doing things. When the period of employment elsewhere is finished, the director would simply obtain a P45 from the other company and reinstate PAYE operations on their own company. Whenever HMRC are given the oppertunity to issue multiple PAYE codings, they have made a hash of it.
Sep 15, 2006 · The Money Laundering Regulations 2003 require you to obtain "satisfactory evidence of identity", that is evidence which is reasonably capable of establishing (and which does in fact establish, to the satisfaction of the person who obtains it) that the client is the person (or company) that he claims to be. See Regulation 2 (5).
Apr 15, 2019 · If you're claiming Child Benefit, you may have to pay some back. Hard to say on the vague details you post. If you draw less than £8500 as a salary, you won't need to pay NI. But if you draw more than £6000ish (forgotten what the exact number is for this year), you will need to register for RTI.
