Hello,
I was hoping someone could help. I'm inside IR35 and a bit confused about deemed payments.
My understanding is that the deemed payment forces me to pay Employers NIC on 95% of my invoiced sales. Give or take some allowable expenses.
This is making me think that I could actually pay myself through a loan across the year and then at the end of the year write the loan off with one big dividend payment. I would then face a big Employers NIC bill but I wouldn't have to pay any Employees NIC. Is this correct or am I missing something?
Any help would be really appreciated.
Thanks
I was hoping someone could help. I'm inside IR35 and a bit confused about deemed payments.
My understanding is that the deemed payment forces me to pay Employers NIC on 95% of my invoiced sales. Give or take some allowable expenses.
This is making me think that I could actually pay myself through a loan across the year and then at the end of the year write the loan off with one big dividend payment. I would then face a big Employers NIC bill but I wouldn't have to pay any Employees NIC. Is this correct or am I missing something?
Any help would be really appreciated.
Thanks
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