Originally posted by vwdan
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But what OP wants/needs a P45 to be tax efficient. If his LTD stops paying a salary it can issue a P45.Originally posted by vwdan View PostIt wouldn't be a P45, would it? You'd need a new starter form, as you're effectively taking a second job.
Otherwise it's emergency tax till forever and only getting it back at SA time.
Of course an accountant would/should have already done this. Buy hey ho.See You Next TuesdayComment
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A P45 isn't necessary.
When I was in a similar situation, I had to wait until I had received my first pay from my employer. Then I called HMRC and asked to split my tax code across 2 employments. I set the one for myco to 0T which has the required effect.Comment
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Yes, stop paying yourself a salary from you company, but still file your HMRC payroll as you did every month until now (I hope) but with a value of 0.Originally posted by Jake1000 View PostI have always paid myself salary of £732. Now since I have a job I want to save tax and pay myself as low as possible. Do you mean I can stop paying myself even though I am employed by m y limited company?Comment
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