Peter Arrowsmith National Insurance consultant takes a closer look at annual earnings periods both for directors and for other employees
For the best part of a quarter of a century there has been an automatic annual earnings period (AEP) for directors. We all ought therefore to be thoroughly familiar with it by now but unfortunately this is not the case. This article highlights a number of myths that still exist — even after all this time. Of course there are people other than directors who may have an AEP but I will concentrate on directors first of all. References to Regulations are all to the Social Security (Contributions) Regulations 2001.
Who Is A Director?
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Peter Arrowsmith National Insurance consultant takes a closer look at annual earnings periods both for directors and for other employees
For the best part of a quarter of a century there has been an automatic annual earnings period (AEP) for directors. We all ought therefore to be thoroughly familiar with it by now but unfortunately this is not the case. This article highlights a number of myths that still exist — even after all this time. Of course there are people other than directors who may have an AEP but I will concentrate on directors first of all. References to Regulations are all to the Social Security (Contributions) Regulations 2001.
Who Is A Director?
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
