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Difference between self-employed and limited company

A section for posts relating to applications for Naturalisation or Registration as a British Citizen. Naturalisation

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xyz111
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Posts: 82
Joined: Sat Dec 22, 2012 1:34 pm

Difference between self-employed and limited company

Post by xyz111 » Fri May 30, 2014 12:01 pm

Hi,

Wondering if there is a difference between self-employed and being director (employee) of a limited company?! This is related to Form AN, which requires statement of accounts from self-employed applicants.

I am limited company director (and sole employee) and applying for naturalisation based on 5 years work residency and 1 year ILR.

Question:If I can consider myself PAYE then what do I need to submit?!

Thanks.

newbie_t
Member
Posts: 130
Joined: Tue Dec 06, 2011 1:23 pm

Re: Difference between self-employed and limited company

Post by newbie_t » Fri May 30, 2014 12:14 pm

xyz111 wrote:Hi,

Wondering if there is a difference between self-employed and being director (employee) of a limited company?! This is related to Form AN, which requires statement of accounts from self-employed applicants.

I am limited company director (and sole employee) and applying for naturalisation based on 5 years work residency and 1 year ILR.

Question:If I can consider myself PAYE then what do I need to submit?!

Thanks.
Your PAYE reference number.

xyz111
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Posts: 82
Joined: Sat Dec 22, 2012 1:34 pm

Re: Difference between self-employed and limited company

Post by xyz111 » Fri May 30, 2014 1:43 pm

Many thanks.


1. for my situation would that be sufficient as I switched into limited company business vert recently?!! I have been PAYE forever!!

2. For the purpose of AN form. Are self-employed differant than Limited Company (with sole employees) owners?

Thanks.

newbie_t
Member
Posts: 130
Joined: Tue Dec 06, 2011 1:23 pm

Re: Difference between self-employed and limited company

Post by newbie_t » Fri May 30, 2014 1:48 pm

xyz111 wrote:Many thanks.


1. for my situation would that be sufficient as I switched into limited company business vert recently?!! I have been PAYE forever!!

2. For the purpose of AN form. Are self-employed different than Limited Company (with sole employees) owners?

Thanks.
1. Yes, you are an 'Employee' of your limited company.

2. Self-employed is different to being a director (share holder) of your limited company.

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