Company Director

Being the director of a limited company brings some additional tax responsibilities. As a director, you are regarded as an employee of the company. This means that the company must normally make deductions under PAYE from your earnings, even if you are the only person working for the business. You will also need to complete a self assessment tax return every year.

Here are some of the tax issues which might affect you as a director:
• Self assessment and PAYE for directors
• Keeping company and private money separate
• Tax debts – when you can be personally liable for company tax bills
• Personal service companies