This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Pay myself less than I declared as wage

Mepone9
Posts:1
Joined:Mon Sep 02, 2024 5:47 pm
Pay myself less than I declared as wage

Postby Mepone9 » Mon Sep 02, 2024 5:51 pm

Hi, I am working in Norway under UK Ltd company with branch registered in Norway, and have to declare a minimum wage of about £3k a month and pay the tax on this wage.
Do I have to actually pay myself this wage from the UK Ltd company or could I take less to suit myself.

Thanks

bd6759
Posts:4352
Joined:Sat Feb 01, 2014 3:26 pm

Re: Pay myself less than I declared as wage

Postby bd6759 » Wed Sep 04, 2024 8:53 am

You can take as much or as little of your salary from the company. You are taxed on what you are entitled to, whether or not you withdraw it.


Return to “Income Tax”