Hey
I've taken a permanent role after contracting for 3 years. Same net revenue, so made sense to me. I want to have my ltd still ticking, so I'm still a director doing zero PAYE submissions. I'm basically doing zero submissions, because there isn't any to take out.
When I joined the company earlier this month , I didn't have a P45, so I filled in the new starter questionnaire and ticked:
The company I'm working for now, is saying they until I quit that job, they will put me on BR tax code 20% and I will be responsible for paying what I really owe to HMRC.
This seems wrong. I just want to pay what I owe as I earn , and forget about it, you know PAYE? Anyone else have experience with this?
I've taken a permanent role after contracting for 3 years. Same net revenue, so made sense to me. I want to have my ltd still ticking, so I'm still a director doing zero PAYE submissions. I'm basically doing zero submissions, because there isn't any to take out.
When I joined the company earlier this month , I didn't have a P45, so I filled in the new starter questionnaire and ticked:
C) As well as my new job , I have another job or receive a State or Occupational Pension
The company I'm working for now, is saying they until I quit that job, they will put me on BR tax code 20% and I will be responsible for paying what I really owe to HMRC.
This seems wrong. I just want to pay what I owe as I earn , and forget about it, you know PAYE? Anyone else have experience with this?
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