[ˈkʌmpəni dɪˈrɛktə]
A Company Director is legally responsible for a Limited Company. They must deal with all filing and management requirements.
A Company Director is an individual who is legally responsible for the running and filing of a Limited Company. This individual is involved in making strategic business decisions and dealing with the day-to-day running of the business. They must act in the company's best interests and participate in board meetings.
A Company Director is technically an Employee of a Limited Company so will have their tax obligations deducted through the PAYE system.
Company Directors do not have to file a Self Assessment unless they pay themselves more dividends than the Dividend Allowance. This Allowance is £1000 for the 2023/24 Tax Year. They may also be able to claim Entrepreneurs' Relief if they sell the company.
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