Right just need some reassurance as I’ve had a conversation with someone on the HMRC tax credits helpine tell me some things which I believe are incorrect
As my business is new I’m not paying myself much this year. I have a limited company for which I’m a director. He is saying that I should be laying what I’m paying myself because it’s under min wage however I believed that as director I’m exempt from that. Also I have a van in the company name and use for company only and he said that’s a BIK, as well as a mobile phone that’s paid by the company (it’s in the company name) I said these are expenses to the company and separate to my pay and he said no that’s not the case, I’m confident he has got it wrong but I wasn’t going to argue with HMRC. I said I fill in all my details when I do my self assessment as well and I said I’ve confirmed it with my accountant but he said it’s all wrong.
Thoughts please
As my business is new I’m not paying myself much this year. I have a limited company for which I’m a director. He is saying that I should be laying what I’m paying myself because it’s under min wage however I believed that as director I’m exempt from that. Also I have a van in the company name and use for company only and he said that’s a BIK, as well as a mobile phone that’s paid by the company (it’s in the company name) I said these are expenses to the company and separate to my pay and he said no that’s not the case, I’m confident he has got it wrong but I wasn’t going to argue with HMRC. I said I fill in all my details when I do my self assessment as well and I said I’ve confirmed it with my accountant but he said it’s all wrong.
Thoughts please
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