I recently quit my job to start a limited company. I don't expect to make any money or pay myself anything for probably at least 4-6 months, so do I need to register myself as self-employed and the company for PAYE right away?
My P45 states that I must "register with HMRC within 3 months of becoming self-employed", but surely this is only if you're getting paid? I don't want to make myself eligible to pay income tax and national insurance when I don't personally have anything coming in, and I certainly don't want to have to fill out more paperwork if I can avoid it!
Is there anything I need to do to let HMRC know that I'll essentially be voluntarily unemployed for this period? Is it also worth submitting a P50 in case I've overpaid on my tax from my previous employment?
Once the company is earning I'm definitely going to get an accountant to help out with this kind of thing, but at the moment I don't have the disposable income to pay for one, so any advice is greatly appreciated.