contractor
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No I've no relatives to pay unfortunately. If I was to just make a clean cut and pay myself a wage would I be able to avail of the lower tax band? My current permanent job puts me into the higher band, would the wage from my company be on top of this or are they treated independently? If they are I will only have to pay the lower band (and as you pointed out no credits as I'm using them up with my current job).You could repay the money you took from the company in 08 up to now- Treat as director loan. carry money in bank for a longer period before paying up. I would not be sure of dividend treatment.
I assume all tax credits are gone with main Job. It would be costly to do a 2008 P35. Do you have any relations you could be salary down for, brother/sister with tax bands/credits avaiable to use
could pay 20/80 on outstanding director loan in tax- repay money via cash/expenses as soon as possible and get refund of tax paid-temp measure.
No harm to get accountant advise when doing accounts
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