Hi

Cant believe ur so worried. Make sure he/she is from the approved list of accountants

Hi Since ur friend doesn't own any shares in your limited company he his not entitled to any dividends. This effectively means ur the sole director. Usually accountants register limited company with 100 shares. If companies house has verified there is no other share holder your eligible for 100% of ...

Hi

U shud be ok in UKBA perspective. However with HRMC you need to sort this out ASAP. Have you got time before u do postal/PEO?

Posting so others can also get benefitted as well. Lets assume you made £6000 in month of April 2013. Expected expense =£1000 Salary =£1000 Net Profit = £4000 (6000-1000-1000) Amount available for dividend = £4000. Corporation tax @ 20% = £800. New amount available for dividend = £3200 (£4000- £800)...

Hi From HRMC view this is invalid dividend however UKBA can't dispute this i. e your dividend earnings. What if the reminder of ur payments or contracts gets cancelled then u wud not have made enough profits to declare the dividends. Long story short ur OK but not a good practice. Always declare leg...

Yash,

Nothing to worry all it says is that they count the physical value of the share that you own for calculating your earnings. So the reg dividends/net earnings are all the same and still applicable for earnings calculation.

Hi Short answer : Gross. Detailed Answer: Assume you made less than 8105 in the last year and you can not claim the tax credit of the dividends you claim. Ex: Total Salary + Earnings from Savings etc., =3500 Net Dividends = 12000 Gross Dividends = 13333.33 Now since you have not hit the 8105 in Sala...

Hi As a company you can declare the dividends when and you like. Although if you had n't any income previously it might sound doddgy. But the rules are in your favour However if you are self employed: 94. If an applicant is self-employed and has chosen to retain the profits within the business, his/...

Hi, I would include all the pages. Since you pay £1800 i think its not a bad job for CW, but even more than that I think it avoids confusion for CW since they know all the pages are sequentially available so the doubt is removed from their minds. If you want to make their life bit easier, I suggest ...

Hi, shedy789: If you own your ltd company all that matters is your salary + Dividends fall in the period you claim as earnings. It does not matter when your money was made. However if you are self-employed then: 94. If an applicant is self-employed and has chosen to retain the profits within the bus...

Hi, gurrano2: You are employed in HRMC point of view. Recently UKBA has removed the question where it asks whether you are employed/self employed etc., Also since you are director (i.e) employed you should not register has self employed with HRMC. What is a company director liable for? For NI purpos...

Mr King,

I think the answer is yes.

Hi Spicy Curry, I don't think it is illegal. Kindly check with Senior Guru's/Accountant. All I said was it might look dodgy since UKBA might think you just created income/money by paying them under the table and they paying it through bank transfer. I am not saying they would not accept this, but yo...

1. Current vignette : Tier 1 (General) 2. Date of PEO Appointment : 21-FEB-2013 3. Number of dependants: 2 (None present with me since I have a little baby it must too taxing for them to travel for an early appointment) 4. Employment: Director (Ltd Co) 5. Payment mode : Debit Card 6. Name of PEO App...

Mr King, Yes it looks ok to me, but kindly read this point to ensure you still qualify for your visa extension. 94. If an applicant is self-employed and has chosen to retain the profits within the business, his/her earnings are limited to the share of the business’s net profits to which he/she is en...

Hi, For accounting purpose what ram80 said is/can be right, however for home office purpose they will not take this into account unless you have earned it (i.e) available to you in your business bank/personal bank a/c. I also understand there is no clear guidance on this. Also Home office wants to h...

Hi, CW are expected to go by the rules and if possible check up on the guidance in case of any doubts/concerns. Unfortunately there can be discrepancy between the Immigration Rules & Guidance. So lets assume as per Rules the requirement is just £600. The following can happen: 1) The CW might use...

Hi Few things to remember: For Salary Show two sources of proof (Bank Statement & Payslips) For Dividends show two sources of proof (Bank Statements & Dividend Vouchers) Also this needs to be confirmed by an accountant who is certified as per the link below: http://www.ukba.homeoffice.gov.uk...

Not necessarily. I had my Mother in law visa overturned in 4 weeks last year. Visa rejected outside UK & appeal filed from UK

Yes for both ur questions.

Hi I m worried because u have it confused between limited company and sole trader. Ur different from ur limited company but u and ur sole trader are the same. HRMC Website will explain this more. I hope u can prove ur self as self employed and not thro Ltd company. Otherwise just drawing dividend mi...

Hi, It looks as if ur self employed. Since u have registered yourself (not ur company). If my assumption is true u can claim ur profits as income. Also remember if ur companies accounts are due they might expect to see Corporation tax payment along with any class4 NI due. U wudnt need dividend vouch...

http://www.immigrationboards.com/viewtopic.php?t=100278

http://www.immigrationboards.com/viewtopic.php?t=127312

Try the two links seems like most people have delays with their BRP card

Mr King, It looks as if u owe more tax to HRMC. U need to have different tax code to get this sorted. Since ur still employed through limited company ur accountant can sort this out for u. Also if u read the tier 1 guidance it does not mention about corporation tax that is either due or overdue. IMO...