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Company directors in the UK are exempt from paying Class 1 National Insurance Contributions (NIC) on their director’s earnings because they are considered officeholders, not regular employees.
However, they may have NIC obligations for other types of income, such as Class 1A NIC on benefits in kind, Class 2 NIC if self-employed, or Class 4 NIC for self-employed income. Voluntary Class 3 NIC payments are also an option to maintain state benefit entitlements.
A PAYE (Pay As You Earn) reference is a unique identifier used by HMRC in the UK to track income tax and National Insurance contributions of employees. It’s given to employers and used for tax-related purposes.
The PAYE reference consists of two parts:
Employer Reference Number (ERN): This is a 3-digit HMRC office number followed by a reference code specific to each employer. It is unique to the employer and helps HMRC identify the tax office responsible for that employer.
Accounts Office Reference (AOR): This is a 13-character reference number that identifies the specific employer’s payroll scheme.
In the UK, the deadline for filing your company’s tax return depends on the company’s accounting period. The accounting period is the period for which the company prepares its financial statements.
For most companies in the UK, the deadline to file the company tax return is:
For example, if your company’s accounting period ends on December 31st, the deadline for filing the company tax return online would be December 31st of the following year. If you are filing a paper return, the deadline would be the end of September of the following year.