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Post Info TOPIC: Directors Salary / NIC
Jay


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Directors Salary / NIC
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Good afternoon.

Having spent the best part of the afternoon pondering on this problem I have accepted it may not be a problem but I am still not confident.

During the year a new client left his well paid PAYE employment and started as a one man Ltd Company.

He has since been paid a salary each month of £833.33 giving rise to a NIC charge of £20.44 a month.

For month 12 he was paid the same pay as previous months but the Payroll suggests a refund is due of £46 88.

I use Moneysoft, and ticked the box to use the alternative scheme for calculating Directors NIC.

I thought this would ensure a consistent NIC charge?

Also as NIC is not included in the Directors SA return, how would the overpayment be dealt with?

 

Any explanation would be appreciated.

 

Regards

 

Jay

 

 

 



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Peasie


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Just out of curiosity, have you put in a date for the date the Directorship started when you were filling in the Directors details as this will affect the figures in the final payment?

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Jay


Senior Member

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Posts: 262
Date:
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Guilty. forgot to do that.

Many thanks


Jay


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