Hi,
I run a small company, single director and sole shareholder. Historically I have take all earnings from the company via Dividend.
Whilst there are significant changes to Dividend taxation for 2016/17, what are the implications for NI contributions so I maintain a 'Stamp' for each year.
With No PAYE, there is no wage so nothing to pay NIC on.
I would like to not enrole for PAYE as (for this very simple company) it just adds paperwork and administrative overhead, any Tax gains seem to be offset by administrative time and costs.
Any thoughts are appreciated.
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