Please excuse me if this has been covered, but I can't find it.
I have a well established Ltd company that is in the retail sector and runs a PAYE scheme. I own 50% & my partner owns 50%. He does some IT contacting and we invoice the client and get paid weekly. We pay VAT, NI, PAYE & Corporation Tax.
I am told that as of yesterdays budget we can't do this because we own shares in the company and will have to use a 3rd party umbrella company? Any comments please?
Thanks.
I have a well established Ltd company that is in the retail sector and runs a PAYE scheme. I own 50% & my partner owns 50%. He does some IT contacting and we invoice the client and get paid weekly. We pay VAT, NI, PAYE & Corporation Tax.
I am told that as of yesterdays budget we can't do this because we own shares in the company and will have to use a 3rd party umbrella company? Any comments please?
Thanks.
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