I just Transferwised in a few 1000€. I haven't actually written the invoices jet, but will soon (For the accounting of the other company)
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If you haven't set up a Payroll for YourCo. with HMRC, then you can pay yourself a Salary? Any payment you make will be drawn against your Director's Loan Account (with all the concommittments), or have to be declared as a Dividend.
Are you aware that you are also required to use RTI to declare your Payroll?
Penalties: RTI (Real Time Information) for PAYE - RossMartin.co.uk/
Running payroll - GOV.UKI was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).Comment
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