New Job!! Help Setting up?

djc2015

Hi All,

Ive been offered a full time employment position in a construction maintenance position Guarenteed 40hours.
However, i want to set up my own business and pay myself as little as possible to avoid paying as much as tax as i can. Then pay myself the rest in dividends at the end of the tax year Minus the tax.
Maybe even pay my partner a minimum salary as my PA.
I will be getting 20-24k per year on this job.

Please Advise
Thanks

SeniorSam

Find an accountant to arrange this for you and give you advice on managing the business to make tax returns easier.

It's a simple matter and shopping around you should find this not expensive.

Sam

le_loup

djc2015 wrote: »

Ive been offered a full time employment position in a construction maintenance position Guarenteed 40hours.
However, i want to set up my own business and pay myself

Sounds like a job to me, not self employed. Think you will have trouble cheating the system in the way that you propose.
Look at HMRC's website for employment/self employment.

purdyoaten

booksurr wrote: »

why do you think that is self employment? Sounds more like an employed position to me

Even the op describes it as a 'full time employment' position!

agrinnall

You can probably do what you suggest (if the employer, who would then be your client, agrees) but you'll be caught by IR35 from what you've said so you'll pay the same tax but also have to deal with company paperwork and in all probability pay an accountant.