After spending my whole life as a permie, I have finally shed the ‘golden handcuffs’ and started working as a contractor; no major drama but I do have a few niggling questions:-
I will be paying myself for the first time this month and had planned to pay myself £750 so as to draw undue HMRC attention to myself(my accountant is fine with this). Problem I can foresee is that one of the parameters I must supply to HMRC when running payroll is my hours. The minimum wage is currently £6.19 for my age group which would equate to £928.50 if I declared that I only work 37.5 hours a week. So, paying less than this amount would surely trigger suspicion ?
What is peoples thinking on this ?
I will be paying myself for the first time this month and had planned to pay myself £750 so as to draw undue HMRC attention to myself(my accountant is fine with this). Problem I can foresee is that one of the parameters I must supply to HMRC when running payroll is my hours. The minimum wage is currently £6.19 for my age group which would equate to £928.50 if I declared that I only work 37.5 hours a week. So, paying less than this amount would surely trigger suspicion ?
What is peoples thinking on this ?
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