Accounting question UK - working part time + director of Ltd

tgull
New Member
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Evening all,

 

I have yet to contact a local accountant, but I thought I would check here first.

 

Currently I work part time and get paid monthly and I'm thinking of starting an ecommerce business (drop shipping). I'm thinking I will set up the company as an Ltd rather than as a sole trader.

 

If I set up the company as an Ltd, and I'm the director, will I have to inform my current work about this? Will the way I recieve money from my current work place change? e.g. tax code changes or the likes of?

 

If so, I will give my boss the heads up. But ideally I want to 'stay low' for a little while as not to raise eyebrows or suspissions.

 

Any help regardless is greatly appricated.

 

Many thanks,

 

TGULL 

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