I have a very small company and with the help of the LBS set up a ride to work scheme ran solely by the company.. the LBS provided all the paperwork incl. the credit agreement..I have used the scheme to obtain a bike and not only has the co. taken care of the VAT they have passed on the savings of the employer NI contributions - I passed this through the company accountants and they didnt really understand the process! - however spoke to the payroll company we use and they did - he just wanted to know how much to deduct at source each month and for how long. It does show up on payslips as a deduction under the c2w scheme.
my questions are:
1. as a director we pay aourselves the min wage and take the rest as dividends..but I also have a salary sacrifice scheme set up for my pension..with that deducted prob takes my take home below min wage..does that matter..is it just gross that counts?
2. I'm in month 3 of 12 month hire agreement....can I start another one?
my questions are:
1. as a director we pay aourselves the min wage and take the rest as dividends..but I also have a salary sacrifice scheme set up for my pension..with that deducted prob takes my take home below min wage..does that matter..is it just gross that counts?
2. I'm in month 3 of 12 month hire agreement....can I start another one?