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As a director of my own limited company if I simply pay myself through directors fees, can I pay myself a gross amount and then pay taxes through 'self assessment' from this pot of money (that is at that stage sitting in my personal bank account)?
Why not get a friend to employ you in his company and vice versa! You will both save €1,830, or whatever it is now.
What makes you think its a reciprocal employment?
Why not get a friend to employ you in his company and vice versa! You will both save €1,830, or whatever it is now.
Can anyone tell me why as directors we are not entitled to PAYE tax credit? I pay PAYE at the same rate as any normal PAYE worker and receive less than most in wages, yet because we are self employed and run a small company, we are not entitled to the PAYE tax credit. I don't understand this one?
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