Salary or dividends?

Company Directors & Shareholders

What are Some of the Major Takeaways for Company Directors & Shareholders?

Many small companies are run by just one or two directors and have no other employees. What government financial support is available to the director/shareholders during the Coronavirus crisis? A director or company officer is an employee for PAYE purposes. A director cannot claim the COVID-19 Grant for the Self Employed by holding the office […]

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Salary or Dividends

Dividends and PAYE/NI – Salary or Dividends

You are no doubt aware of the potential advantages relative to the payment of salary or dividends by your company to its director/shareholders. In particular, dividends do not attract national insurance contributions. So, while tax is due it is not collectible through the PAYE method. Filing the receiver’s self-assessment tax return form with no direct

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