Salary related question.

[vipatoms]

Hi, I opened a limited company, I am the director and only employee in the company.
When I opened a company it took me a while to open a business bank account, so I started work with my personal bank account using it as a director loan account (my accountant advice me to use it before I open a business bank account for company).
So I received 2 payments into my personal account and paid from it to buy supplies. When my business bank account opened, I transferred payment I received from customer into business bank account and than paid into my personal account a director loan (money I used to buy supplies).
So now my directors loan account is 0.

I registered as employer and in a payroll software reported a payment of first salary to myself (a directors salary which is below threshold so no taxes) before I got a business bank account.
The problem is that because I didn't had a business bank account I couldn't payout physically this first salary (I mean couldn't transfer salary from business bank account to my personal account).

My question, is it ok if the actual payment of the first salary from the business bank account to my personal bank account is made on a later date than reported in payroll software via RTI?

For example I reported via RTI that I paid directors salary on 05 of May when actually it was transferred from the business bank account to my personal account on 31 of May? (this is only because when 1st payment were reported I didn't had a business bank account).

Hope that is ok, could someone please let me know?

 

[RTI-man]

"Technically" it is incorrect as the 2 dates are in different tax months ie you reported the payment as Month 1 but actually paid in Month 2.

As it is, I won't say anything if you don't! The payment was below the thresholds so no tax or NI implication and I assume any future payments will be reported as correct dates. HMRC can't tell and frankly have far bigger worries than this.

Forget about it.