That would be great thank you my main area of stuggle is the Director NI eg question below:
Q. Suppose that instead of receiving a bonus in month 2, L. Meena, a company director received her regular salary (£36,000) all year apart from March when she received a bonus of 5,000. Assuming all previous amounts had been paid, calculate the Employer and Employee NI that would be due to be paid to HMRC in April for L. Meena.
Would I be rite in my answer below: £36,000 / 12 = £3,000
April-Feb = all paid
March = £3,000 + Bonus £5,000
£3,000 + £5,000 = £8,000 x12% = £960 Emp’ee NI due
X13.8% = £1104 Emp’er NI due
I know that as a director she only has to pay NI after reaching the PT but as this is the end of the year she would have already gone passed the PT, or do I have to take this off everytime?
Any help would be appriciated