Payslips

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Nixon Williams replied

15 November 2006, 10:27
There is an urban myth that dividends can only be paid quarterly or half yearly, you can pay monthly provided there is the profits to support the payment.

Alan
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wantacontract replied

15 November 2006, 09:11
as often as you want

but general the people here say quarterly, 6 monthly, annually....is best
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css_jay99 replied

7 November 2006, 20:20
Originally posted by wantacontract

Hello guys,

i asked my account if I needed to provide a payslip of my month salary to myself or the IR, and he said since I am paying myself the minimal amount of £5035 per year = £419.58 per month, I don't need to do this..???

I am actually calling PCG now....but would like some thoughts...

Thanks.

so how often do you pay yourself divs ?
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Emperor Dalek replied

7 November 2006, 17:10
Originally posted by wantacontract

well i don't have a problem producing one for myself...showing that i am paying myself the correct wage...my main query is do I need to send them to the IR??

No, you don't. Do take the trouble to produce and file them regularly though. Although there is no legal requirement to have them, it makes life a LOT easier if you are picked for a PAYE review by HMRC. Well worth the two minutes a month it would take.
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EqualOpportunities replied

7 November 2006, 16:15
Originally posted by wantacontract

well i don't have a problem producing one for myself...showing that i am paying myself the correct wage...my main query is do I need to send them to the IR??

No - it'll all be on your SA...
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wantacontract replied

7 November 2006, 16:14
pay slips

well i don't have a problem producing one for myself...showing that i am paying myself the correct wage...my main query is do I need to send them to the IR??
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DaveB replied

7 November 2006, 16:11
I dont think there is a concrete requirement for it but it cant hurt to have one on file. I have pukka payslips showing gross net and PAYE/NI payements provided by my accountants ( SJD )
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wantacontract started a topic Payslips

7 November 2006, 16:09
Payslips

Hello guys,

i asked my account if I needed to provide a payslip of my month salary to myself or the IR, and he said since I am paying myself the minimal amount of £5035 per year = £419.58 per month, I don't need to do this..???

I am actually calling PCG now....but would like some thoughts...

Thanks.
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