I have recently set up a company and have decided to pay myself £425/month which will use up my personal allowance and only just tip me into NIC's.
My question is this:
For the first six months or so I will not actually pay myself but will accrue the wages (for cashflow reasons). Can I therefore accrue the associated NIC's and pay them over when I do actually take the wages owing to me (i.e. six months worth in one go). Or do the NIC's have to be paid over, as normal, by the 19th of the following month to which the wage relates irrespective of whether I pay out the wage or not?
I hope you understand what I mean and would really appreciate some help on this.
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