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computaboi wrote:Gurus,
I have ILR due next month, mine is straight forward case (in my opinion) but after reading lot of experiences recently about Tax issues I am now really stressed and confused.
Initial Tier 1
Claimed March 2010-Feb 2011
Income claimed (PAYE 20500+15,900 Self employment income) =£36,400.00
Self employment Turn over shown to HO is £16,553.00 with expenses of £650.00 making net profit £15,900.00.
Turn over declared to HMRC at end of fiscal year 2010-11 is £16,500.00 (£53.00 refund to customer due to error in payment) and expenses £2,725.00 making profit of £13,775.00 however annual income before tax for 2010-2011 is £35,180.0 which is still above my threshold of £35,000.00
Tier 1 Extension
Period March 2012-Feb 2013
Income claimed PAYE 29500 + 6500 = 36000.
Self employment gross income shown £7,000, expenses £500.00 making net profit £6,500 to HO but at end of Tax year (April 2012-March 2013) expenses increased to £2145.00 thus reducing Net profit £4955.00 however total annual income before tax is £35,150.00
Expenses declared are genuine caused due to combination of travel, accommodation, Accountancy and idiot-phone purchase.
Untill Yesterday I really didn't want to amend my tax returns and planned to go to PEO with what I have in hand. My accountant insists not to worry about amending tax returns as expenses claimed are genuine and are within allowable HMRC limit.
I spoke to Solicitor yesterday who advised basically pound is a pound and any sort of discrepancy is looked as deception by HO now a days and they are very strict with Self employment tax issues
Should I be really worried here ?
Has any one been in similar situation ?
Will HO give me chance for my explanation about discrepancy or will they make a decision based on what they feel?
Are they going give some consideration in above scenario ?
I have my whole life here don't want to take risk with ILR so looking for some advice from Guru's.
Is my life going to be ruined for this tax issue even when every thing was done as per law?
Other option I have is to find Tier 2 sponsor switch to Tier 2 sort out tax issues and then apply for ILR
Are HO going to check TAX issues even for Tier 2 aswell ?
HO does play hardball with tax issues and evidently exercises all manner of due care & diligence with ILR applications.computaboi wrote:Gurus,
I have ILR due next month, mine is straight forward case (in my opinion) but after reading lot of experiences recently about Tax issues I am now really stressed and confused.
...
...
I spoke to Solicitor yesterday who advised basically pound is a pound and any sort of discrepancy is looked as deception by HO now a days and they are very strict with Self employment tax issues
Should I be really worried here ?
Has any one been in similar situation ?
Will HO give me chance for my explanation about discrepancy or will they make a decision based on what they feel?
Are they going give some consideration in above scenario ?
I have my whole life here don't want to take risk with ILR so looking for some advice from Guru's.
Is my life going to be ruined for this tax issue even when every thing was done as per law?
Other option I have is to find Tier 2 sponsor switch to Tier 2 sort out tax issues and then apply for ILR
Are HO going to check TAX issues even for Tier 2 aswell ?
Thanks no income period shown to HO is different from tax returnsraju4u wrote:I do not think you have any issues in obtaining ILR as ur income threshold is still meeting. My question is, is your income period same as to what you showed to HO? Tax year is different to hmrc than the Period you shown to the HO? If the period is different then you seems safe to me.
Thanks for sharing your thoughts.TechBro wrote:I am in the same situation as you. Although all my T affairs are good by according law, but people will scare you that you must have to match your HO and HM records the same, if they are even in different period. that's why I have now submitted my amends and will ask accountant to give me letter and ask HM to send me confirmation letter for amends they receive and will also pay them the amount in advance. In your case and mine we don't have to pay huge amount, its a few hundred pounds, but its better to be safe then sorry.
Ok thanks TechBro.TechBro wrote:Yes this is what I am going todo. that recently when I was about to apply I came to realise that there was slight difference where some expenses in my initial application have been entered wrong. I've sent an amends to HM and they take 2-4 months to update their record and I can not wait due to my visa expiry date. Although I've paid the amount in advance which I'll provide the proof for it.
.1. Which years during the last 5 years I was employed as limited company director.
2. If I had paid taxes and if yes which years as limited company director.
3. Did I fill up my Self Assessments myself or with the assistance of an auditor (if I had used an auditor, then their details were asked)
4. If the taxes paid to HMRC and the details in my Self Assessment were accurate ? If not, provided reasons below