Could someone explain what does ESM2051 mean and if it's related to IR35?
As most of contractors here I pay myself £8,632 salary and take the rest as dividends. Will I be able to use low salray / high dividends schema after signing the document below? I tried to re-read it multiple times but still can't get it.
As most of contractors here I pay myself £8,632 salary and take the rest as dividends. Will I be able to use low salray / high dividends schema after signing the document below? I tried to re-read it multiple times but still can't get it.
You are responsible for payments to <MY REAL NAME> and any other individuals providing services through your organisation (“Representative”), and for accounting to HMRC for the Taxes on all payments made to the Representative.
For the purposes of this statement, remuneration in consequence of the services provided by the Representative includes but is not limited to all salary, wages, commission, bonuses and any amounts paid to the Representative for or in connection with work that the Representative has carried out for us or a client of ours.
By signing this statement, you are confirming that all remuneration paid to the Representative in consequence of the services provided to us and our clients is treated as employment income ESM2051 - Employment Status Manual - HMRC internal manual - GOV.UK, subject to deduction of the Taxes and that you are accounting to HMRC for the Taxes.
For the purposes of this statement, remuneration in consequence of the services provided by the Representative includes but is not limited to all salary, wages, commission, bonuses and any amounts paid to the Representative for or in connection with work that the Representative has carried out for us or a client of ours.
By signing this statement, you are confirming that all remuneration paid to the Representative in consequence of the services provided to us and our clients is treated as employment income ESM2051 - Employment Status Manual - HMRC internal manual - GOV.UK, subject to deduction of the Taxes and that you are accounting to HMRC for the Taxes.
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