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SHAREHOLDER/DIRECTOR - invoicing LTD as subcontractor
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Hi All,

Scenario 1) Can Shareholder + Director invoice his own LTD as self-employed? (General building services trading LTD) (he will be providing labour to LTD)

 

Scenario 2) Can Shareholder (not director) LTD where he owns 50% shares as self-employed? (General building services trading LTD) (he will be providing labour to LTD)

 

Thank you for  your time.



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Zoorbing


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Can they. Yes.

Would it be a good idea. Probably not.

You really should put these questions to your Accountant who can explain the full tax implications alongside knowing your full circumstances. Be prepared to be asked why?

PS NO NEED TO SHOUT



-- Edited by Zoorbing on Thursday 28th of October 2021 08:34:36 PM

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Leger


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As Zoorbing says, getting tailor made advice from their Accountant would be the best option, and if they haven't got one, tell them to get one!

I would question why though?  It rather defeats the object tax wise. 



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
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