Director with Nil salary & authorising your agent

Cristobalina
Cristobalina Registered Posts: 8
Hi all,

Hope you can shed some light on this topic..

Does a Director and only shareholder of a newly formed private limited company expecting to receive nil salary for the time being need to register on the PAYE scheme? Reason for no salary is due to no business having taken place yet.. I have been doing some research but find different opinions.. Im guessing that if a salary is expected in the future then will have to register for PAYE anyway so is it worth registering now or waiting?

Also, the Director is not using any agent but representing herself, will she still need to fill out the "Authorising your agent" form received from HMRC and just authorise herself?

Thanks for your help and hope you are having a great weekend!

Comments

  • monkeypuzzle47
    monkeypuzzle47 Feels At Home MAAT, AAT Licensed Accountant Posts: 134
    No there would be no need to register as new employer until the moment she starts paying herself. If she is representing herself then she would not need a 64/8 agent form she would need to register with government gateway etc so she can file corporation tax returns, dormant acs, self assessment etc.
  • MarieNoelle
    MarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,433
    Agree, however if the director needs to file a P11D (benefits), she would need a PAYE scheme.
    Gem7321
  • Cristobalina
    Cristobalina Registered Posts: 8
    Thank you both for your answers, it is clear now!
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