Hi,
I'm a UK company director. I pay myself £12,570 salary and the rest dividends which takes me to around 40k.
I have a hobby which has turned into a significant income - 30k+ last year and need advice on the most tax efficient way to handle this. I'm wanting to keep the company and hobby/2nd income totally separate so I'm open to all ideas to minimise tax on the 2nd income.
Thank in advance.
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