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dcdrivingschool-
Level 1

Changing over from Sole Trader to Director. Updated all Tax/PAYE details on QBO. When I run Payroll it shows no tax deducted or NI deductions. Any ideas

 
1 REPLY 1
GlinetteC
Moderator

Changing over from Sole Trader to Director. Updated all Tax/PAYE details on QBO. When I run Payroll it shows no tax deducted or NI deductions. Any ideas

I've got some details about why taxes aren't deducted from your payroll, dcdrivingschool. Let me discuss it with you.

 

When you’re a director, taxes are calculated based on your income and whether it meets a specific threshold. If your income exceeds that limit, you'll be required to pay National Insurance (NI). Please check the Class 1 National Insurance thresholds for 2024 to 2025 for guidance.

 

You can also check the National Insurance for company directors for additional information.

 

Further, you might want to obtain a detailed breakdown of your employees' wages, deductions, and tax information:

 

 

I'll be on the lookout for your reply if you have further questions about payroll taxes or deductions and will address this promptly.

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