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Wow! Excellent! You are a star! Thanksrahulsingh1 wrote:Hi All, We have received our Accelerated ILR(10 jobs) today (within 4 weeks of application)- we had to expedite it as there was a health problem.
This list can be used for extension also
Here are the documents we submitted
company creation and running
1) CT41G
2) Companies house appointment report - download from website for £3.
3) Company creation certificate
4) Letter from bank saying that our business account is with them from xxx date, and it currently has xxx money - NO bank statements
investment
5) Companies management accounts for 3 years - done in 1 document - NOT for 3 years differently
6) Cover letter from accountant, that he has done the accounts and that we have invested £200,000 into the company via director loan
7) Simple Director loan agreement
employment creation
8 ) Employee passport copy
9) Employee payslips for whole period ( monthly paylsip, NOT weekly)
10) Employee P11 for each year (showing starting date of employee)
11) Letter from accountant saying that the jobs have been created,
12) Letter from accountant explaining that the P11s are in monthly format(and not weekly) as the payment of salaries is done monthly.
Please find the formats which we used below
Cover letter from accountant - used on top of management accounts
------------------------------------------------------------------------------------------
To whom it may concern
xxxxxxx
Dear Sirs,
Tier 1 Entrepreneur - xxxxxx
We can advise that we act as Accountants and Tax Advisors for xxxxx ltd.
We can also confirm that xxxxxxxx is the sole director of the company and he holds 100% of the 100 issued ordinary share of the company. xxxx has also invested £200,000 in the business by way of a director’s loan during the period xxxxx to xxxxxx.
The management accounts for xxxxxxxxxx have been prepared for the period xxxxxx to xxxxx, please find enclosed.
We have provided this information in the strict confidence without undertaking any liability financial or otherwise, towards our firm’s partners and staff.
We hope that the above information would be of assistance to you. However, should you need any further information, please do not hesitate to contact us.
Yours sincerely,
----------------------------------------------------------------------------------------------
Creation of Employment - 10 jobs
--------------------------------------------------------------------------------------------------
Date: xxxxx
To whom it may concern
Re: xxxx – xxxxx Ltd
I can confirm that I act on behalf of xxxxxxx(company name), as a Registered Accountant with Institute of Chartered Accountants in England and Wales (ICAEW) with registration number xxxxxx. I have been requested to provide this letter in order to verify the net creation of employment for xxxxxx(company name), and therefore I am happy to confirm the content of this letter to the Home Office / UKVIS at their request.
The full address & contact details for xxxxxxx(company name), are as follows:
Company Registered Address: xxxxx
Company contact details: xxxx
I can confirm that xxxxx is a Director & Shareholder of xxxxxxx(company name), and that he established the company on xxx(date). Since he established the company I can confirm that they have created an aggregate of 10 full time employment positions which have existed for at least 12 months.
The employee’s details are as follows in the following Table on the next page
--------------------------------------------------------------------------------------------------------------------------
Please attach a table on the next page containing the start date/ end date / national insurance numbers/ number of hours/ rate paid per hour of each employee. I am somehow not able to paste the table here.
P11 explanation letter
------------------------------------------------------------------------------
To Whom it may concern
date: xxxxxx
Re: Tier 1 Entrepreneur - xxxxxx
I write as the appointed Accountant for xxxx, on behalf of xxxxxx.
This letter is in reference to the “Employment Creation” for xxxxxx, and I can confirm that we acknowledge the UKVI’s requirement to see an Employee Payment Record (P11) for each employee of xxxx. The policy document also states this document should show the employee’s earnings for each week employed.
However, I can confirm that the software used to run this record can only show weekly earnings if the employee is paid weekly. Where an employee is paid on a monthly basis, the record will only show payments for each month they are employed.
We can confirm that this format of generating the Employee Payment Record is correct and in line with the HMRC regulations, and therefore we trust that this letter is satisfactory to clarify the reasons for the P11 documents being displayed on a monthly basis.
.We have provided this information in the strict confidence without undertaking any liability financial or otherwise, towards our firm’s partners and staff.
We hope that the above information would be of assistance to you. However, should you need any further information, please do not hesitate to contact us.
Yours sincerely,
------------------------------------------------------------------------------------------------------------------
rahulsingh1 wrote:Hi All, We have received our Accelerated ILR(10 jobs) today (within 4 weeks of application)- we had to expedite it as there was a health problem.
This list can be used for extension also
Here are the documents we submitted
company creation and running
1) CT41G
2) Companies house appointment report - download from website for £3.
3) Company creation certificate
4) Letter from bank saying that our business account is with them from xxx date, and it currently has xxx money - NO bank statements
investment
5) Companies management accounts for 3 years - done in 1 document - NOT for 3 years differently
6) Cover letter from accountant, that he has done the accounts and that we have invested £200,000 into the company via director loan
7) Simple Director loan agreement
employment creation
8 ) Employee passport copy
9) Employee payslips for whole period ( monthly paylsip, NOT weekly)
10) Employee P11 for each year (showing starting date of employee)
11) Letter from accountant saying that the jobs have been created,
12) Letter from accountant explaining that the P11s are in monthly format(and not weekly) as the payment of salaries is done monthly.
Please find the formats which we used below
Cover letter from accountant - used on top of management accounts
------------------------------------------------------------------------------------------
To whom it may concern
xxxxxxx
Dear Sirs,
Tier 1 Entrepreneur - xxxxxx
We can advise that we act as Accountants and Tax Advisors for xxxxx ltd.
We can also confirm that xxxxxxxx is the sole director of the company and he holds 100% of the 100 issued ordinary share of the company. xxxx has also invested £200,000 in the business by way of a director’s loan during the period xxxxx to xxxxxx.
The management accounts for xxxxxxxxxx have been prepared for the period xxxxxx to xxxxx, please find enclosed.
We have provided this information in the strict confidence without undertaking any liability financial or otherwise, towards our firm’s partners and staff.
We hope that the above information would be of assistance to you. However, should you need any further information, please do not hesitate to contact us.
Yours sincerely,
----------------------------------------------------------------------------------------------
Creation of Employment - 10 jobs
--------------------------------------------------------------------------------------------------
Date: xxxxx
To whom it may concern
Re: xxxx – xxxxx Ltd
I can confirm that I act on behalf of xxxxxxx(company name), as a Registered Accountant with Institute of Chartered Accountants in England and Wales (ICAEW) with registration number xxxxxx. I have been requested to provide this letter in order to verify the net creation of employment for xxxxxx(company name), and therefore I am happy to confirm the content of this letter to the Home Office / UKVIS at their request.
The full address & contact details for xxxxxxx(company name), are as follows:
Company Registered Address: xxxxx
Company contact details: xxxx
I can confirm that xxxxx is a Director & Shareholder of xxxxxxx(company name), and that he established the company on xxx(date). Since he established the company I can confirm that they have created an aggregate of 10 full time employment positions which have existed for at least 12 months.
The employee’s details are as follows in the following Table on the next page
--------------------------------------------------------------------------------------------------------------------------
Please attach a table on the next page containing the start date/ end date / national insurance numbers/ number of hours/ rate paid per hour of each employee. I am somehow not able to paste the table here.
P11 explanation letter
------------------------------------------------------------------------------
To Whom it may concern
date: xxxxxx
Re: Tier 1 Entrepreneur - xxxxxx
I write as the appointed Accountant for xxxx, on behalf of xxxxxx.
This letter is in reference to the “Employment Creation” for xxxxxx, and I can confirm that we acknowledge the UKVI’s requirement to see an Employee Payment Record (P11) for each employee of xxxx. The policy document also states this document should show the employee’s earnings for each week employed.
However, I can confirm that the software used to run this record can only show weekly earnings if the employee is paid weekly. Where an employee is paid on a monthly basis, the record will only show payments for each month they are employed.
We can confirm that this format of generating the Employee Payment Record is correct and in line with the HMRC regulations, and therefore we trust that this letter is satisfactory to clarify the reasons for the P11 documents being displayed on a monthly basis.
.We have provided this information in the strict confidence without undertaking any liability financial or otherwise, towards our firm’s partners and staff.
We hope that the above information would be of assistance to you. However, should you need any further information, please do not hesitate to contact us.
Yours sincerely,
------------------------------------------------------------------------------------------------------------------
Congratulations Rahul!rahulsingh1 wrote:Also- for all the people who have questions about investment money and how it should be spent.
We only transferred 200k from personal bank account to business bank account. thats it.
We did not spend even 1 penny from this pool as our business had revenues from the 2nd month and was profitable every single month after employee/admin costs, so there was no need to spend anything from this 200k. It just sat there the whole 3 years without much use(which is a shame).
UKBA are not fools as we think, they understand that businesses do NOT not spend money if NOT required.
For them the meaning of investment is that you have transferred money into the business bank account. Their line in the guidance which says that money should not sit idle in the bank account and should be used actively- I think it is for applicants in the property business. It did not affect us.
rahulsingh1 wrote:medical certificate - Letter from doctor- stating that I was required to be with the patient who is abroad.
employment - we showed 30 hours/ week.
If its part time(doing less than 30/week) add up the hours for each part time employee/week.
Here is the confusion- regardless of how many hours your employee works/week, its capped at 30 hours for the purposes of calculation for this visa.
So instead of showing what you actually paid the employee/hour.
You will need to reverse calculate the effective-rate/hour by dividing the employee's monthly pay by 130hours/month , or if paying weekly then 30hours/week, and then state this effective rate as the rate paid/hour.
This will help the caseworker match the numbers on your payslip to what you have mentioned on the form. This is the way they calculate.