> I591 is going to catch "any company with less that 5 directors" and I > suppose that means the corner paper shop too (IANAA).
Any limited company though, so sole traders will still be using self assessment. I don't mind paying some Tax through dividends, but hopefully the Inland Revenue understand that some of us don't always pay ourselves this way (minimum wage + dividends) just to reap the tax benefits. One of the main reasons I do this is because my business can sometimes go for 2 or 3 months without seeing any income, mainly due (fingers crossed) to long projects that get invoiced when the work is completed. Therefore it would be impossible to pay myself a set salary on a monthly basis because it might not be in the bank. As I said, I don't mind paying Tax on dividends, as long as they don't over tax low-income companies to the point that it becomes impossible to run. The government increasingly seem to be all too happy to make us, the small businesses, pay more to make up for the fact that they can't get the money out of the fat cats (with their offshore bank accounts and tax havens). It is quite common for the Revenue to get tough with somebody who's having trouble paying the bills, but if somebody owes them a couple of million... "ah well, let it go!". You have to wonder why a so-called "Labour" government keep trying to make the rich richer, and the rest of us poorer. Let's hope they get this one right. Taz (Ooh, was that a political rant?) -- ** Archive: http://www.mail-archive.com/dev%40lists.cfdeveloper.co.uk/ To unsubscribe, e-mail: [EMAIL PROTECTED] For additional commands, e-mail: [EMAIL PROTECTED] For human help, e-mail: [EMAIL PROTECTED]
