New off-payroll rules and PAYE reporting
When reporting PAYE and NI for a worker made under the off-payroll rules you must use the special indicator in your payroll software. The rules don’t apply to payments made after 6 April 2021 that relate to work done earlier.
If your customer is applying the off-payroll rules and you’re repaying a student loan, you should make sure that you’re registered for self-assessment to ensure that HMRC calculates the correct loan repayments.
Are you at risk by taking dividends?
It maybe that your business has been adversely affected by the Pandemic. Unless you’re sure your company has enough retained profits it should not pay dividends. The shareholders can take a loan from the company instead.
Cycling to work
The simplest option is for your business to buy bikes and offer them for use (tax and N free) by employees who want to take part. However, this is an expensive way to do it. You can instead offer them under a salary sacrifice arrangement which can be cost neutral for you but still a good deal for your employees.