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The specified type of limited company is one in which:
(i) the person is a director of the company (or another company within the same group);
and
(ii) shares are held (directly or indirectly) by the person, their partner or the following
family members of the person or their partner: parent, grandparent, child, stepchild,
grandchild, brother, sister, uncle, aunt, nephew, niece or first cousin; and
(iii) any remaining shares are held (directly or indirectly) by fewer than five other
persons.
What if company have not done any tax return as it's not due and director of company have been paid salary since last six month which is higher then £18600. Can this salary be counted as Maintenance fund for FLR M.theroyale wrote:Hi there,
My wife is applying for an FLR(M) visa with me (on ILR) as her sponsor. I am director of my Limited Company paying myself salary and dividends.
For the question, "Amount of income from this source" under "Income from self-employment", what is the amount I need to enter? Is it,
(a) Gross Profit (i.e. Turnover, or Total sales), OR
(b) Profit before Taxation (i.e. Turnover minus Expenes),
(c) Net Profit for the Financial Year (i.e. Profit after Corp Tax deducted), OR
(d) Simply the total of the gross Salary + gross Dividends I have paid myself during this Fin Yr.
In any of the above cases I clear the threshold of £18,600. Just trying to be accurate. Thanks.
roadhouseblues wrote:What if company have not done any tax return as it's not due and director of company have been paid salary since last six month which is higher then £18600. Can this salary be counted as Maintenance fund for FLR M.theroyale wrote:Hi there,
My wife is applying for an FLR(M) visa with me (on ILR) as her sponsor. I am director of my Limited Company paying myself salary and dividends.
For the question, "Amount of income from this source" under "Income from self-employment", what is the amount I need to enter? Is it,
(a) Gross Profit (i.e. Turnover, or Total sales), OR
(b) Profit before Taxation (i.e. Turnover minus Expenes),
(c) Net Profit for the Financial Year (i.e. Profit after Corp Tax deducted), OR
(d) Simply the total of the gross Salary + gross Dividends I have paid myself during this Fin Yr.
In any of the above cases I clear the threshold of £18,600. Just trying to be accurate. Thanks.