Help needed! PAYE question.

[kb1973]

Hi, I'm new on the forum and new to starting a company. I am booked to go on a PAYE coure in 2 months but would like an answer to the following question. I started my company in November last year, but have been living on savings to build up my business account. I now would like to pay myself monthly and keep within the tax free threshold and take dividends at the end of the year. Seeing that I haven't paid myself until now, can my first payment be a larger payment (April until now) and still pay no tax? Would I need to report this in any format to HMRC? Any other advice about this particular situation would be greatly appreciated. Thank you.

[Davidad]

As long as you stay under the threshold for the financial year it should make no difference.
Directors normally pay their tax at the end of the year rather than via PAYE so a larger monthly payment should not cause a problem.