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Class 2 NI, Director of Limited company - T1 General Extensi

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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redbull.lion
Newly Registered
Posts: 12
Joined: Mon Jul 30, 2012 6:23 am

Class 2 NI, Director of Limited company - T1 General Extensi

Post by redbull.lion » Tue Aug 07, 2012 2:36 pm

I am quiet confused after reading few of the posts in this forum. I need to clarify few things and require an experts review.

I am going to apply for T1-General Extension sooner. I am employed in company A and received salary from company A.

I am also running my side business under limited company and as a Director of a limited company i am taking Dividends (Not salary) from my own company.

My question is, on the form i am selecting Employed and Self Employed (not as a sole trader) and i am not a register self employed as well and have never received any such letter from HMRC for class 2 NI
. Do i have to register as self employed even if i am running a Limited Company?
. Do i have to pay class 2 NI (which i have never paid)? [ as mentioned in few posts where people was asked by CW to give an evidence of class 2 NI payments)

gaurav76.5
Member of Standing
Posts: 422
Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Wed Aug 08, 2012 1:19 pm

yes you wuld need to register for self assessment...also you dont need to pay Class 2 NI..you wuld only pay Class 1 NI as you are a director of alimited compnay meaning you are employed by the company.....

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