Directors Fee Archives - Brookson FAQ

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Directors Fee

Do I need a director’s fee in my company if my company is dormant whilst I work through an umbrella company?
No - as you can potentially utilise your personal allowance to offset against income taxed at source by the umbrella company paying you.
Do I need a director’s fee in my company if I am captured by IR35?
No - as you can potentially utilise your personal allowance to offset against income taxed at source when paid by your agency into your company.