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Search found 5 matches

by wwe1983
Thu Jul 16, 2015 2:08 pm
Forum: Indefinite Leave to Remain
Topic: Self employment earnings- Net profit or net taxable profit
Replies: 5
Views: 581

Re: Self employment earnings- Net profit or net taxable prof

I am struggling to understand what net taxable profit is ? I have run limited company for 5 years and I have never seen this term. I think what matters is net profit which is calculated after paying all expenses and tax liabilities. So you had a profit of 10500 but you declared 7500 to HMRC and adj...
by wwe1983
Thu Jul 16, 2015 3:44 am
Forum: Indefinite Leave to Remain
Topic: Self employment earnings- Net profit or net taxable profit
Replies: 5
Views: 581

Self employment earnings- Net profit or net taxable profit

My first tier 1 grant was on employment and self-employment, and then extension was on employment and hopefully ilr would be on employment as well. However, reading recent posts regarding self employment earnings and thorough checks by Home Office, what sort of profit does HO look at: Net profit or ...
by wwe1983
Mon Jun 29, 2015 6:02 pm
Forum: Indefinite Leave to Remain
Topic: ILR - Tax Discussions -
Replies: 23
Views: 1565

Re: ILR - Tax Discussions -

Hi All, I have a question regarding self employment net income, -My net profit matches what I provided to Home Office and HMRC at my initial grant back in 2010/11. However net profit and taxable net profit is different as I used equipment allowance. so in summary Net profit is 10,000 (shown to Home...
by wwe1983
Sun Jun 28, 2015 9:09 pm
Forum: Indefinite Leave to Remain
Topic: ILR - Tax Discussions -
Replies: 23
Views: 1565

Re: ILR - Tax Discussions -

Hi All, I have a question regarding self employment net income, -My net profit matches what I provided to Home Office and HMRC at my initial grant back in 2010/11. However net profit and taxable net profit is different as I used equipment allowance. so in summary Net profit is 10,000 (shown to Homeo...
by wwe1983
Sun May 31, 2015 8:28 am
Forum: Indefinite Leave to Remain
Topic: Tier1 G - Can the salary be below requirement during 5yrs?
Replies: 2
Views: 145

Tier1 G - Can the salary be below requirement during 5yrs?

Hi all, is that allowed to have salary below the requirement in 1st or 4th year? for example: salary in year 1: below requirement salary in year 2: above requirement salary in year 3: above requirement salary in year 4: above requirement salary in year 5: above requirement This is for Tier1-G to ILR...