I am the only director and employee in my company as I am a contractor getting paid from agencies.
Am I going to face a penalty due to HMRC for late PAYE if I've been getting paid since July but I set up a company just now and I will report previous salaries now? I've been paying myself below the national threshold to avoid high Corporation Tax.
Going forward, I will submit FPS, etc. on time. I was just not aware of the whole process before.
Thank you for your help!