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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> payslip
Post Info TOPIC: payslip
pbr


Veteran Member

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payslip
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I have friend who is self-Employer and started limited company, and now he is drawing monthly salary from his company's account as a Director for his company, So does hi need to get payslip  to show  HMRC his earning and if has than does he need to get his TAX code or he can still use his self-employee code and how he can make his own wage slip

Any  advise will be appreciated

Thanks all in advance

Minaxi 



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msavania
Cheshire


Master Book-keeper

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Posts: 8646
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Hi
Please see this earlier thread of yours, covers some of the questions.www.book-keepers.org.uk/t62034498/wage-slip/

Care, he should be reporting what he is paying himself in wages BEFORE he takes the wage or he will be fined.

But - he needs to speak to his Accountant urgently as he could be paying too much tax if he is taking wages and is making profits in his sole trader business. He needs some advice.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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