Charge for creating own website

[jsnetman]

Hi all,

I'm a one man Ltd, can I charge the company for creating my own website, therefore saving a little on corporation tax?

[pmeswani]

Hi all,

I'm a one man Ltd, can I charge the company for creating my own website, therefore saving a little on corporation tax?

Don't believe so. If you hire an external consultant, maybe. But if you DIY, you can't charge your company, unless you declare the income via Self Assessment, in which case you are liable to pay 20% income tax, and depending on how much you are bringing in via self employment, you may be liable to pay National Insurance Contributions.

[Sockpuppet]

Simple answer is yes.

If you want to register as self employed. Or you could just pay yourself a salary - which is the same. Oh and go get an accountant.

Being both employed and self employed by the same company is just a whole new level of stupid.

[pmeswani]

Simple answer is yes.

If you want to register as self employed. Or you could just pay yourself a salary - which is the same. Oh and go get an accountant.

WHS

[Clare@InTouch]

Don't believe so. If you hire an external consultant, maybe. But if you DIY, you don't can't charge your company, unless you declare the income via Self Assessment, in which case you are liable to pay 20% income tax, and depending on how much you are bringing in via self employment, you may be liable to pay National Insurance Contributions.

Exactly - it's in one hand and out the other.

[northernladuk]

Exactly - it's in one hand and out the other.

Ooooeerrr missus.. We will have none of that in the Prof forums!!

[Clare@InTouch]

Ooooeerrr missus.. We will have none of that in the Prof forums!!

I'm sure I don't know what you mean!

[jsnetman]

Oh well

It was a nice thought while it lasted.

[Contreras]

But you could make it cash in hand, right?

Just think... the added business risk would take you outside IR35, so win-win.

[JamJarST]

It was a nice thought while it lasted.

No it wasn't.