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A company director takes no salary and the PAYE scheme exists only for the reporting of benefits in kind and expenses. Advice is required on the most administratively easy way of dealing with the requirements of the real time information system. Should a nil in-year submission be made for the whole year and, if so, when?
I am the director of a small limited company. Historically no salary is taken and profits are extracted either in the form of dividends or as pension contributions (IR35 is not in point).
However the company has a “live” payroll currently registered as an annual scheme and I am finding the real time information (RTI) system unnecessarily taxing.
As the 2013/14 tax year came towards an end I logged on to HMRC’s online payroll system hoping to find something that looked like a P35.
However I read that for 2013/14 only nil returns could not be made in-year so I was more than happy to wait until after 5 April. Logging on again on 7 April still did not clarify matters so I called the helpdesk.
I was advised that the company should have made an in-year submission to tell HMRC that...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
