pay slips

[scooby]

Does anyone bother with these? My accountant produces a monthly breakdown, but I view this as being for MyCo and not me personally. I will need proof of income for things such as CSA etc... Is there a legal need?

Also, when you pay a divi, do you need to document this?

(please bear with me, I'm a newbie to LtdCo and any advice is much apprecaited)

[Gonzo]

1. I have no idea. I suspect that it is a requirement if you pay yourself any PAYE, however the accountant handles all PAYE and personal tax matters for myCo and myself so I have never seen anything and wouldn't expect to.

2. It is critical that a Director's meeting is held to declare the dividend and that this is minuted. In practice, since I am the only director, I just send a signed form to the accountant stating that on such and such a date, it was determined to declare a dividend of such and such amount.

[BrilloPad]

Does anyone bother with these? My accountant produces a monthly breakdown, but I view this as being for MyCo and not me personally. I will need proof of income for things such as CSA etc... Is there a legal need?

Also, when you pay a divi, do you need to document this?

(please bear with me, I'm a newbie to LtdCo and any advice is much apprecaited)

There is no legal need. If you need payslips for CSA then get them. If no Divi document you may get challenged by HMRC.

[scooby]

TVM both.

[QwertyBerty]

You need to issue payslips to employees:

http://www.hmrc.gov.uk/paye/daytoday-paying.htm#2

When you issue a dividend you ought to give the recipient a letter detailing the amount and the tax credit.

QB.