LTD company Directors Salary - where on CT600?

[BusinessBandaid]

HI guys

Im sorting out my end of year stuff for my micro ent ltd company and am having a slight issue as to what accounts to put my below thresholds directors salary.

I kept below the tax and NI thresholds, and paid myself about £100 a week.
From what I thought, "net salary expenses" would be the correct account for these transactions, and it would be debited whilst cash would be credited.
Looking at this blooming CT600, I cannot find anywhere to put it.

There is a column for "management expenses" but I don't think that's right.

if anyone could help me place this below threshold directors salary on the income statement, balance sheet and CT600 it would be so appreciated as this is the last figure (and largest) I have to categorise and I just want to make sure Im not making a complete pigs ear of this.

Thanks guys

[Lance]

Looking at this blooming CT600, I cannot find anywhere to put it.

CT600 it would be so appreciated as this is the last figure (and largest) I have to categorise and I just want to make sure Im not making a complete pigs ear of this.

It doesn't go in a CT600. A CT600 is a report on the tax and profit of a company. Your salary is just an expense.
You get the figures from accounts that go on the CT600.

Just get an accountant to do it for you even if just for the first time only. Then you can repeat it in later years.
But to be honest, not knowing that is really basic so maybe just stick with an accountant.
The tax you would have saved by not paying yourself too little would offset that cost anyway.

[BusinessBandaid]

Thanks for your reply.

My main confusion is why when I write off the below threshold salary as an expense, it increases my corp tax? I must be doing it wrong in the software as that really confuses me.

[northernladuk]

Thanks for your reply.

My main confusion is why when I write off the below threshold salary as an expense, it increases my corp tax? I must be doing it wrong in the software as that really confuses me.

You don't write it off. Salary is an acceptable business expense so it's allocated as so. Not written off.

I must be doing it wrong in the software as that really confuses me.

Maybe you shouldn't be doing it yourself then.

Are we assuming the income to your LTD is so low paying a few hundred quid to get this right isn't worth it? Or are you running your full contracting through it like most of us do?