My first tier 1 grant was on employment and self-employment, and then extension was on employment and hopefully ilr would be on employment as well.
However, reading recent posts regarding self employment earnings and thorough checks by Home Office, what sort of profit does HO look at:
Net profit or Net taxable profit?
Every where Homeoffice documents mention about Net Profit (they didnt mention net taxable profit) however I'm having sleepless nights as my Net profit has been used for claiming points (£10,300), but Net taxable profit is less due to use of allowance (net taxable profit is £7,500).
So am I in trouble that my Earnings shown in initial grant were 10300 and in Self-assessment, net profit is shown as 10,300 but allowances have been used and net taxable profit is £7500?
Please help/Advice...
Thanks
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