By: mr.pink

mr.pink — Tue, 27 Oct 2009 19:38:54 +0000

I’m in the same boat, as an employee of my own Ltd Co. and thought about the same problem. I considered those NRP’s who work as employees of large organisations and are subjected to DEO’s. The CSA can’t demand to look at the books of Companies such as Jaguar, Glaxo, WH Smith, so I am confident they can’t look at the books of your Ltd. Co., except what is published by Companies House annually. In the same vein, those companies are not liable for an employee’s CSA contributions.
The benefit of taking a regular wage from the company should enable the CSA to catch up on your assessments. When S/Employed, they work on last year’s figures and are always adrift on their calcs-not what you want when your earnings go down.
As a sole trader, they will want proof of earnings which will normally be the Self Assessment Tax Calculation.

Comments on: As a Sole Trader, can the CSA see what tax I pay?

By: mr.pink