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Appendix FM-SE 7 wrote:(f) Personal bank statements for the same 12-month period as the tax return(s) showing that the income from self-employment has been paid into an account in the name of the person or in the name of the person and their partner jointly.
Please refrain from digging up old threads. It clutters the current threads in the forum. Kindly continue in your existing topic if you have one.samira_uk wrote:I know this is an old thread but given the following paragraph, is it possible for a self-employed to use tax returns and financial accounts to reflect the income?
Self-employed income can be cash-in-hand if the correct tax is paid. In line with paragraph 3.1.5 of this guidance, it would generally be expected that the person’s business or personal bank statements would fully reflect all gross (pre-tax) cash income. Flexibility may only be applied where the decision-maker is satisfied that the cash income relied upon is fully evidenced by the relevant tax return(s) and the accounts information.