Can the NED be self-employed? Does non-executive directors’ fees fall under PAYE? What are the tax treatments of non-executive director pay?
NEDonBoard encourages those seeking answers to those questions to contact a qualified tax advisor. The tax treatment will depend on your status, whether you are a formally appointed non-executive director or board advisor or advisory board member. You will need to consider your position as a de-facto or shadow director. NEDonBoard would be pleased to make an introduction should you require an introduction.
The NED Accelerator Programme by NEDonBoard includes a module dedicated to tax treatment of the non-executive director in the UK. It also discusses what your tax position can be if serving on a UK board but based overseas. For more information about the NED Accelerator Programme, please visit the course page or contact [email protected].
Written by Elise Perraud, NEDonBoard COO