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Need help with the 25/26 payroll year-end?Ask Us Anything

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paul72
Level 8

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Hi @Beggsy 

This does need to be treated as wages or drawings.

Setting yourself as a Supplier is wrong (I think you know that) as the payment then becomes an expense.

You are effectively taking money out of the business which has not yet been taxed - so you need to keep track of it.

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