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attahaas wrote:I believe the key here is to make a contract where your business is getting paid and NOT you in person. Let them pay or issue cheque in favour of your business and not you. Then you can withdraw salary from the revenue generated. Makes things much simpler for extension.
I am not sure if you have to open a business account if you are self-employed. Anyways, if you can then just open one in the name of your business.
Hmm, it's getting trickier.entrepreneur123 wrote:From guidance policy page 49
Genuine Entrepreneur Activity (contract of service with another business)
A41. If you are granted leave to enter or remain as Tier 1 (Entrepreneur) migrant, your leave will prohibit you from engaging in employment except where you are working for the business which you have established, joined or taken over. You will comply with this restriction if, for example, you are employed as the director of the business in which you have invested, or if you are working in a genuinely self-employed capacity. In this capacity you will have a contact for service.
You may not, however, be considered to be working for your own business if the work you undertake amounts to no more than employment by another business (for example, where
your work amounts to no more than the filling of a position or vacancy with, or the hire of your labour to, that business, including where it is undertaken through engagement with a recruitment or employment agency). In this capacity you would have a contact of service. This applies even if it is claimed that such work is undertaken on a self-employed basis.
In considering whether your work amounts to genuine self-employment (and is therefore work for the business which you have established, joined or taken over) or is in fact employment
by another business, we will take into consideration the factors set out at: http://www.hmrc.gov.uk/employment-status/index.htm#1.
If your work amounts to no more than employment by another business, we may consider you to be working in breach of your conditions of stay, and that you are therefore liable to curtailment of your stay and/or removal from the United Kingdom.
attahaas wrote:I believe the key here is to make a contract where your business is getting paid and NOT you in person. Let them pay or issue cheque in favour of your business and not you. Then you can withdraw salary from the revenue generated. Makes things much simpler for extension.
I am not sure if you have to open a business account if you are self-employed. Anyways, if you can then just open one in the name of your business.
ishfaqsangra wrote:I think we should follow the guidance and make fixed amount contracts,work for different people, and include those HMRC guidance in every new contract at least as Terms and Conditions.