director's salary

[Dasistfact]

Hello, would be great if you share your views.

In order to qualify for extension we need to invest 50/200 000 GBP into our companies. How do you think is it possible to invest let's say 250 000 into the company and take i.e. 30 000 out of it as a PAYE salary? Own renumeration is excluded from the investment, so it's 250(investment)-30(own renumeration that is excluded)=220.
Will these actions meet investment requirement? How do you think?

[attahaas]

Yes, it will meet the investment requirement.

As long as own remuneration doesn't dig in to 200K spent on eligible expenses, it is OK!

[Dasistfact]

Yes, it will meet the investment requirement.

As long as own remuneration doesn't dig in to 200K spent on eligible expenses, it is OK!

Thanks. What do you think, how do they calculate investment? Do they just add all investment installments during previous 3 years (let's say 250) and deduct ineligible expenses for the same (let's say 50 for salary) and its ok if the total amount is 200 or more? Or they use some other methods?

[ishfaqsangra]

Yes: Thats the method which accountant should adopt and then confirm the net investment

[wings.007]

Yes: Thats the method which accountant should adopt and then confirm the net investment

Here is a Classic example!!! Again here like your previous post, how did you said yes to the above question???? that an accountant should add the investments together and deduct illegible expenses???? do you even know what expenses count as investments?????

and Did you just Suggested that this is what an Accountant should do???? add investments and deduct non investments!!!!! where you don't even know what is classified as investment??? there is a big world of technicalities out there and expert professional advise is required on every turn!!!!! so why don't you take care of your business for which you got the VISA for and STOP ADVISING PEOPLES AND STOP WASTING THEIR TIME!!!!!

[whiteroses]

Yes: Thats the method which accountant should adopt and then confirm the net investment

I don't think so.
If a business makes a profit of 20,000 and you pay yourself that 20,000, I don't think the net investment becomes 50000-20000.
HO doesn't expect you to retain all the profit in the business.