Part time employed and self emplyed

[Protagoras]

Many thanks for the replies
I am being asked to work a couple of days a week under my Ltd company, so wanted to know if from a corporation tax perspective, I was better being a part time employee, or not being employed at all by my own company and simply take directors dividends?

There's a background consideration, I think, and that's the value of the part-time employment income (and any other taxable income). Does that use up all of your tax free personal allowance?
If it doesn't then that could be a pointer towards being an employee of LtdCo to make best use of the tax free allowance.

If you need to decide quickly, then maybe getting your accountant to look at this would be a good option. In any case, when you do come up with a model, I'd suggest having an accountant validate it.

[northernladuk]

Many thanks for the replies

Just to clarify hobnob, Protagoras, @fred-bloggs I am employed part time and work Mondays and Fridays in that that role, I also have a Ltd company, of which I am a director. So to answer the question, and apologies for my poor wording, I have 1 part time role and I am a director of my own business, which has no employees.

I am being asked to work a couple of days a week under my Ltd company, so wanted to know if from a corporation tax perspective, I was better being a part time employee, or not being employed at all by my own company and simply take directors dividends?

I'm no master of spreadsheets, so any pointers as to what information I need to be calculating would be great! I have used an accountant in the past, but I'm trying to learn more about the way all this works and there seems to be a lot of if's and but's with all scenarios. :|

You really need to understand LTD's better. As pointed out already you are not an employee of your LTD and it's very important to know why. For example, if you were an employee you'd be legally obliged to pay National Minimum Wage, something and office holder does not so you've already blown your own plan by calling yourself something you are not.

Learn how LTD's work, what a director/office holder is and what the difference is between that and an employee and you'll struggle a lot less with your problem.

[AlanBurgess]

There's a background consideration, I think, and that's the value of the part-time employment income (and any other taxable income). Does that use up all of your tax free personal allowance?
If it doesn't then that could be a pointer towards being an employee of LtdCo to make best use of the tax free allowance.

If you need to decide quickly, then maybe getting your accountant to look at this would be a good option. In any case, when you do come up with a model, I'd suggest having an accountant validate it.

Many thanks, just for the record, yes my part time role does and has already used up my tax free allowance for this year. I will try and find an accountant to give me some clarity and steer me in the right direction based on my circumstances.

[northernladuk]

Many thanks, just for the record, yes my part time role does and has already used up my tax free allowance for this year. I will try and find an accountant to give me some clarity and steer me in the right direction based on my circumstances.

As this is a small piece of work it might not matter but be aware of the MSC Legislation and the problems floating around. Your accountant telling you how to run your business is a red flag at the moment so try to find out as much as you can yourself so you can just as tax and accounting questions, not how best to run your company.

Probably not an issue if it's small potatoes but just in case.