Set up Ltd company now have permanant job offer...

**Clare@InTouch** · 15 January 2012, 10:35

You can still claim mileage if it relates to work you're doing through the company, and pay your wife a small wage if she's actually doing anything for the company.

**ajw** · 15 January 2012, 13:06

Thanks for info. My queiry about the milage was in relation to not taking any wages from the company but claiming my milage. Is that ok?
All the miles are in relation to the contracting I have been doing so they are business miles. Also, my wife is doing all my admin, invoicing, company books etc.
Would it be ok to not claim any wages for myself and give my P45 from company that made me redundant, to my new job?

**ajw** · 15 January 2012, 15:23

Thanks for info.
I haven't as yet claimed any milage or paid myself any wages.
My quiery is can I take no wages from my ltd company and give my P45 straight to new employers and pay my wife wages from the company as she does all my admin, book keeping etc. and the end of year stuff that will be needed.

The milage claims will be for the business miles for the contracting work I have already done.

Will it matter that I will have claimed no wages from my company.

**Sockpuppet** · 15 January 2012, 16:01

Just hand your P45 over to your new employer. Set yourself up as an employee of your Ltd listing it as a second income so BR tax code.

Yes you can pay your wife. No you cannot pay your wife all the money in the company even though she does the book keeping. That is a £50/£100 a week job not £15k a year

**d000hg** · 15 January 2012, 18:03

Originally posted by Sockpuppet View Post

No you cannot pay your wife all the money in the company even though she does the book keeping. That is a £50/£100 a week job not £15k a year

So he CAN, it will just take a while

Though won't his Ltd change purpose - it'll basically be hiring his wife as PA and nothing else?

How much (roughly) has your Ltd actually billed so far?

**ajw** · 15 January 2012, 19:31

1st invoice paid just over £3000. Just billed £2500. Last bill will be about £2000.

**ajw** · 15 January 2012, 19:33

As we won't be using company againhopefully for a while, it would be nic to get wrapped up this tax year. Was hoping to get most out of wifes tax relief as no other income....

**Sockpuppet** · 15 January 2012, 19:48

HMRC are wise to that. You can't pay her £7k for 2 months book keeping.

**ajw** · 15 January 2012, 20:02

I assumed that it would raise a red flag. Would the best option be to pay a small monthly wage into next tax year or would you suggest taking the hit on tax for 2nd income for myself and wife a small wage and get everything wrapped for April.

Will the tax on second income be high? Sorry totally new to all this and appreciate and help given.

Set up Ltd company now have permanant job offer...