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Income Tax

Tipp-Boy · 2010-04-09 21:19:14

Hi, Hopefully a easy question: I'm a director of my LTD company, it's a small hobby business that keeps me interested and I've not derived any income from it so far. I'm also a PAYE employee with another company but as I'm a director I'm treated under self assessment. I'm looking at filing tax for 2009 and can see there is…

09-04-2010 9:19pm

#1

Tipp-Boy

Registered Users, Registered Users 2 Posts: 76 ✭✭

Join Date: January 2009

Posts: 54

Hi,
Hopefully a easy question:
I'm a director of my LTD company, it's a small hobby business that keeps me interested and I've not derived any income from it so far. I'm also a PAYE employee with another company but as I'm a director I'm treated under self assessment. I'm looking at filing tax for 2009 and can see there is a section for PAYE income but theres also a section for self employed income -- this section looks to me like income from sole trader / partnerships, am I right to think that no income/expenses relating to company is relevant here?

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Comments

#2 10-04-2010 2:14pm

dbran

Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭

Join Date: October 2004

Posts: 2041

Hi

You are correct. There should be a separate box for the salary from your company in which you are a proprietary director and your other salary.

Kind Regards

dbran

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