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July 27, 2024
Question

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

  • July 27, 2024
  • 1 reply
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1 reply

July 27, 2024

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.