Ltd company PAYE/NIC


D

drk

When setting up a limited company. does income tax and NIC have to be
paid quarterly or can it be paid annually?
 
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P

Peter Saxton

When setting up a limited company. does income tax and NIC have to be
paid quarterly or can it be paid annually?
I think you are confused. Are you talking about being an employer
rather than setting up a limited company?
 
S

Simon

drk said:
When setting up a limited company. does income tax and NIC have to be
paid quarterly or can it be paid annually?
Usually monthly, can be quarterly but depends on the amount. Some rare cases
of annually but this depends on the frequency of payments of emoluments.
 
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Paul Garbett

drk said:
When setting up a limited company. does income tax and NIC have to be
paid quarterly or can it be paid annually?
Strictly monthly / quarterly, but you can get away with annually if you tell
HMRC your paye is "directors only annual scheme". NB CIS must be paid over
monthly / quarterly.
 

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