HI Guys,
I am due to submit my Wife's FLRM application in October this year, I am a Director for a limited company and my wife and I are on my payroll since January 2017. I am kind of clued up with the paperwork requirements but the online application is slightly confusing as it is not first synched with the paper version and some of the questions are not very clear to understand.
I was under the impression I would have to apply under Cat A and F as am employed by my own company and my wife too, we are planning to combine our salary together, we will be earning 11,850 each between the current tax year.
Can anyone let me know if you see any issues with me applying under Cat A+F and what do I answer for the following:
"What was the income (in GBP) from self-employment in the last financial year? (Required)
Amount
This is the income (i.e. profit), not turnover. Please provide the figure before tax and National insurance deductions. Get the figures from either form SA302 or SA300.
I thought Limited company directors are not self-employed and also SA302 or SA300 doesn't apply to limited company director?
I would appreciate the help guys!
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