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Search found 9 matches

by LHuang
Fri Jul 20, 2012 11:25 pm
Forum: UK Tier 1 (General) Visas
Topic: Class 2 NI for Limited Company Directors
Replies: 9
Views: 1982

Class 2 NI for Limited Company Directors

Have seen quite a few post recently on people getting requests from UKBA during their applications to produce evidence of paying Class 2 NI even though they're not registered with HMRC as "self-employed" or "sole trader" and hence should not have to pay. A friend of mine who's a ...
by LHuang
Fri Jul 20, 2012 7:14 am
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

yeah generally if you use 12 months earning period and you have been contracting through your own company then at least once you should have made class 1 NI payment you can point that out in your cover letter and if it belongs to last financial year then specify that for current financial year you ...
by LHuang
Thu Jul 19, 2012 7:09 pm
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

tier1_aspirant123 wrote: about class 1 NI yes i think generally accountants ask to pay it in month of feb and march but better wait for someone on this forum who had similar experience
You are spot on. I paid last tax year in March and so did my friend.
by LHuang
Thu Jul 19, 2012 7:04 pm
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

yoiu would to pay class 1 NI..although that doesn't effect extension..You can afterwards you get your extension if you want... For ILR home office does check whether you have paid your taxes or not so before ILR make sure you have paid all your taxes.. There is no criteria og granting visa leave if...
by LHuang
Thu Jul 19, 2012 1:44 pm
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

Re: Tier 1 (General) Extension - Limited Company

My Situation: Director of a limited company, owns 70% share, minimum salary, have drawn dividend quaterly from the company's profit. Current leave expires in mid November. Questions: 1. Would I be categorised as self-employed? as per UKBA you are self employed 2. Solicitor said Liverpool PEO doesn'...
by LHuang
Thu Jul 19, 2012 1:15 pm
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

Can anyone provide an anwer?
Would really appreciate.
by LHuang
Thu Jul 19, 2012 1:11 pm
Forum: UK Tier 1 (General) Visas
Topic: Insurance for self employment
Replies: 19
Views: 2377

Can someone confirm whether it's compulsory to purchase Employers & Liability insurance for your Limited Company? My accountant helped to set up the company and he's never mentioned it. Im due to extend as well and am worried about this.
by LHuang
Thu Jul 19, 2012 8:49 am
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

Forgot this one: If my income is significantly higher than the first application, should I reduce the no. of months for which the claim is made, say to 6 months, so that I don't get unecessary extra points which I may have to match when I apply for PR. Or if it doesn't affect the next application, s...
by LHuang
Thu Jul 19, 2012 8:08 am
Forum: UK Tier 1 (General) Visas
Topic: Tier 1 (General) Extension - Limited Company
Replies: 12
Views: 1837

Tier 1 (General) Extension - Limited Company

My Situation: Director of a limited company, owns 70% share, minimum salary, have drawn dividend quaterly from the company's profit. Current leave expires in mid November. Questions: 1. Would I be categorised as self-employed? 2. Solicitor said Liverpool PEO doesn't accept applications from self-emp...