If you are working as a Sole trader then you need to show HO the Net income which will be Gross minus the Expenditure and You pay Tax to HMRC on the Net income Later . I think HO is concerned about the Net Income . (Sole Trader Only) ..I am not telling about directors of LImited Company. Seniors ple...

I heard thT solihuli is not considering self employment cases and have started sending mails about it to candidates .. Any information in that

Yes

Thanks a lot for sharing some of the temples ..

I am going to start to look for dates for PEO ..Please advice which Offices are dealing with the self employment so that I will keep that in mind while booking the appointment.

You will be awarded the same points for your age when you applied for your Initial Tier 1 application.

hey anu
I think members have already told that for sole trader the income you will show to HO is the net after you take away the expenditure but before TAX . Its there in the PDF clearly and your accountant knows what to do as he is an expert in this field.
good luck

Documents are fine and more than what is required by the PEO .. Good luck

Change any utility bill to her name which is very easy to do ... Or add her to one of your bank account ..

Can you please share the information 1. Which PEO you went to?
Congratulation

Anu as sole trader . You need to show net profit to HO and pay tax on that to HMRC

Thanks for the reply.
By headings i meant is there anyother things to include in the letter along with Invoice ( start and end date ) and payment amount.

Thanks

Your accountant should be a CA else registered member of the association mentioned in th PDF guidelines of UKBA .. You should be very carefull on that in terms of accountants ..

As I had mentioned I think HSBC don't stamp on anything .. That what they did to me last time telling that they don't have stamps in branch anymore for customers to stamp on statement but the printout from the branch as statement was accepted by the case worker ..

Thanks for the reply ..
Will there be anything else included in the invoices explanation and payment summaries .. I mean any other headings.. Your reply will be really help me..
Thanks again

Any answers on professional indemnity insurance ... I think it's better to add another piece of document .. But I am concerned about another point now .. If I add the professional indemnity now and I have the other 2 insurance from before is that a problem ? I mean will case worker question : why th...

you just need to submit her address prof in UK in form a bank statement or NHS registration.. you will do fine... dont worry..

Could anybody please share a template or format for:

1. Profit and Loss statement
2.Invoices explanation and Payment summaries

for SOLE TRADERS

Can anybody please share a format for: 1.Invoices explanation and Payment summaries 2.Profit and loss statement. I am a little worried about that document from accountant for sole traders... If anybody could even say what the document should contain and what things should be included in it , will be...

please go to branch and ask them to print the statement for you .. and ask them if they could stamp that for you.. i used HSBC and the print out from the branch was fine for the case worker.. they did not stamp my statement nor gave me a letter but the print out was accepted by the case worker.HSBC ...

any answers from members , senior members and moderators?? please answer ....so that i will prepare for extension which is very very soon.

you are running a limited company why do you pay the class II NI ??

Any body ... please suggest which PEO are not able to confirm the income from self employment .. so that it helps while booking the appointmnet to go for the right one..
thanks all.

Can anyone please suggest if the SOLE TRADER ( IT and Computer Business) needs the PROFESSIONAL INDEMNITY INSURANCE as well ... I have the Employers Liabilty and the Public Indemnity but worried about the other one. I still have a little time to go before extension....Can someone suggest me in that ...

It is always a good practice to have insurance but it is not an prime requirement for the HO which was last time.. So you would be fine, good luck