Directors not yet on payroll - self employed or employed?

Discussion in 'General Business Forum' started by Tigereye, Mar 25, 2020.

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  1. Tigereye

    Tigereye UKBF Newcomer

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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 By: Tigereye Member since: Mar 25, 2020
  2. simon field

    simon field Verified Business ✔️

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

    Scalloway UKBF Legend

    17,371 3,745
    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 By: Scalloway Member since: Jun 6, 2010
  4. Ray Newman

    Ray Newman UKBF Regular

    147 31
    Closed because it's a duplicate. See the rest of the discussion here.
    Posted: Mar 25, 2020 By: Ray Newman Member since: Dec 13, 2018
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