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Express wrote:Hi,
I have a similar query.
My case has been refused as my "Annual Salary" as a director did not Tott up to the £18,600 as I only worked as a company director for 10 months of the Company Tax Return CT600 (01/04/2012 - 31/03/2013).
My work commenced as an Employee on 4 June 2012 in which I was paid at £796. My role as a company director commenced on 1 November 2012 when I was paid £1323. These dates were confirmed on my "employment details" letter compiled by my employer and my stat dec.
A total of 16 wage slips were submitted. The wage slips were from June 2012 (when employment commenced) till April 2013. Further wage slips were also submitted from May till September 2013 to show regular payments as a director.
The refusal letter:
"I have examined your sponsors wage slips, you have submitted 10 wage slips that show an average monthly income of £1,184.50. This equates to an annual income of £14,214.00 this is insufficient to meet their financial requirements of appending X appendix FM".
The sole reason is the salary for this particular tax year. Do I have a case to appeal? What are my chances with this?
Your expertise and advice will be much much appreciated.
Did you not also include the dividend vouchers and optionally the company minutes authorising the issue of a dividend?anush23 wrote:Can anyone please advise?
Thanks
In my opinion, you have to show salary/dividend, as undistributed profits in a limited company belong to the company, not the shareholders. Separate legal body, UKVI like it plain and clear.anush23 wrote: So want to understand if the 18600 requirement can be met by taking dividend, salary or simply by showing year end account showing turnover/profit?
Regards
Hi Anush23, How did you manage your spouse visa, I am in similar situation I am in 10th month of my limited company, before that I was a permanent.. now I have 6 months payslip + dividend to excess of 18,600.. can I apply with 10month company document?anush23 wrote:Thanks for your responses.
Can I show the GBP 18600 as all a single dividend or two dividends and no salary?
Regards