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Directors not yet on payroll - self employed or employed?

Discussion in 'General Business Forum' started by Tigereye, Mar 25, 2020 at 4:32 AM.

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  1. Tigereye

    Tigereye UKBF Newcomer Free Member

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    In December our 8 year old business changed entity from partnership to limited. We have 8 months of self employed income through that this financial year. Since December we are now both 50/50 directors in the new LTD company. We have been told we haven’t been put on payroll as we used our allowance through the partnership, so will take dividends through the limited company until April 1st.

    Are we employees or self employed?

    Thank you!
    Posted: Mar 25, 2020 at 4:32 AM By: Tigereye Member since: Mar 25, 2020
  2. simon field

    simon field UKBF Big Shot Full Member - Verified Business

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    You are employees.
    Posted: Mar 25, 2020 at 6:44 AM By: simon field Member since: Feb 4, 2011
  3. Scalloway

    Scalloway UKBF Legend Free Member

    15,801 3,336
    You are employees.

    As far as I am aware to qualify you would need to have submitted RTI payroll information to HMRC at the end of February.
    Posted: Mar 25, 2020 at 9:01 AM By: Scalloway Member since: Jun 6, 2010
  4. Ray Newman

    Ray Newman UKBF Regular Staff Member

    136 13
    Closed because it's a duplicate. See the rest of the discussion here.
    Posted: Mar 25, 2020 at 9:28 AM By: Ray Newman Member since: Dec 13, 2018
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