Paying SATR

[Rangster]

Hi,

This is probably a stupid question but you can't pay your SATR directly from your limited co can you?

Thanks

[northernladuk]

You can't be serious can you?

Try reading this thread with some of the most basic facts of contracting and then come back and ask... if you dare...

http://forums.contractoruk.com/accou...-business.html

Check post 4...

[Jessica@WhiteFieldTax]

Yes, you can, but as it is a personal liability it needs to either be deducted from directors account, if in credit or covered by a dividend.

If the latter watch out for, and be aware of, the tax-on-tax phenomenon.