- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222
ESC
Welcome to immigrationboards.com!
Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2, Administrator
Oh I get that Wanderer - I spent a good part of the 00s as a contractor in IT myself. But I also know that the amount you pay yourself and the dividends taken out of the business are the discretion of the directors. Since there's only one and he's also the employee - he can choose how to setup the company finances as he likes.Wanderer wrote:MPH80 - Contractors (in IT) have to work via a Ltd, and the individual is the director and the only employee - it's not self-employment, it's basically a one-man ltd company, so can see where the OP is coming from - PAYE/Div is paid per RTI/CT600, his tax affairs are legally not those of his Ltd...
But, I can see HMRC POV too, I'm in the same industry and I've seen so many just not bother with the tax and take the lot, and hide behind incorporation, and I have to say it, a lot from the subcontinent who just go back home with the lot after 5 years never to come back.
OP is not one of those, he's looking to settle but I feel this is why UKBA/HMRC are reticent, and as MPH80 says - they are connected so one influences the other....
An employee needs to show their employment contract, 6-12 months of payslips depending on their categories and the corresponding 6-12 months of bank statements showing that pay arriving in their bank account.@MPH80 so you are saying an employee just needs to show his/her contract letter stating gross income as £18600 as HMRC is guaranteed to receive tax on a monthly basis, but contractors need to provide their CT600 as that proves they have paid their taxes. Is that correct?