I own and work through a limited company. My wife (who is now an employee of the the same company) has a full tax allowance of £9000-something to use.
Is it possible to pay her a salary with the complete tax allowance split over three months?
Effectively that would mean that the company and her only pay NI in terms of taxes, correct?
I also have an another question:
Say that I open a BVI company and buy in some computer servers to this company. My UK company then signs a server contract with the BVI company to lease the servers. Can the BVI company invoice my UK company and if so, what would the legal and tax implications be?
The servers would be an excepted business expense for my UK company as the company's main business is IT services. The BVI company would add a high gross margin to the server cost invoiced on to the UK company.