The amount of tax you pay on your salary depends on your tax code. If it’s wrong you’ll pay too much or too little. For many this can be a temporary issue, for others it can be permanent. What’s the problem and what can you do about it?
S R Lynn & Co·Blog
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The timing of HMRC payroll reporting for employees is straightforward. However, for directors’ salaries etc. special rules can mean you need to send a report to HMRC sooner than you might think. What are the trigger points for reporting?
As a director shareholder, borrowing cash from your company can trigger tax charges for both you and it. To avoid these a colleague has suggested that it’s more tax efficient to obtain a company credit card and use that instead. Is she correct?
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