Am I self employed or employed if I have a limited company? [Video]

Are you the owner of a limited company and unclear on your employment status and the tax you have to pay? In this video, we provide you with everything you need to know, including information on tax and National Insurance for salaries and share dividends. For more information there are links below to GOV.UK guides and 1st Formations blogs.

Useful Links:
GOV.UK – Rates and allowances: National Insurance contributions
https://www.gov.uk/government/publications/rates-and-allowances-national-insurance-contributions/rates-and-allowances-national-insurance-contributions

GOV.UK – Tax on dividends
https://www.gov.uk/tax-on-dividends

GOV.UK – Self Assessment tax returns
https://www.gov.uk/self-assessment-tax-returns

1st Formations – About Companies Limited by Shares
https://www.1stformations.co.uk/about-companies/company-limited-by-shares/

Blogs:
1st Formations – A guide to PAYE for company owners
https://www.1stformations.co.uk/blog/paye-guide-for-company-owners/

1st Formations – What is a dividend?
https://www.1stformations.co.uk/blog/what-is-a-dividend/

1st Formations – An introduction to Corporation Tax
https://www.1stformations.co.uk/blog/corporation-tax-an-introduction/

1st Formations – Do I need an accountant to do my Self Assessment tax return?
https://www.1stformations.co.uk/blog/self-assessment-tax-return/

1st Formations – Most tax-efficient director’s salary and dividends for 2024-25
https://www.1stformations.co.uk/blog/tax-efficient-directors-salary-and-dividends/

1st Formations – Dividend tax – a complete guide
https://www.1stformations.co.uk/blog/dividend-tax-complete-guide/

1st Formations – 2024-25 tax guide for UK business owners
https://www.1stformations.co.uk/blog/2024-25-tax-guide-for-uk-business-owners/

Chapters:
0:00 Intro
0:47 Employment status of company directors and shareholders
2:28 What tax do I pay as a director?
3:18 What tax do I pay as a shareholder?

About 1st Formations:
1st Formations is the UK’s leading company formation agent. Founded in 2014, we have formed over 1 million companies and helped thousands of clients to grow their business with expert advice on limited companies, reporting requirements, and corporate governance.

Website: https://www.1stformations.co.uk/
Blog: https://www.1stformations.co.uk/blog/
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