Director's NI
Kay Thompson
Registered Posts: 22 New contributor 🐸
Can any one give a "simple" explanation for this
0
Comments
-
0
-
in a nut shell Director pay ni like tax it's cumlative.
Directors can pay NI each week / month, depending on how much they earn.
The other option is to pay NI in the last few months but this again will depend upon how much the earn to when the director NI kicks in.
If they pay NI in the first few months then have no pay towards the end of the year they could show a refund on NI.
When you then print off the P60 at the year end it will calculate NI evenly.
Were you and I could earn
£95.00 one week and show no NI
Then earn £195.00 the next week. The P60 will show a week missing in NI allowance.
Hope this helps.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership