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ILR Application - Dividend vs Salary issue

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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jatinuk
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Posts: 56
Joined: Fri Aug 17, 2012 10:29 am
Location: London

ILR Application - Dividend vs Salary issue

Post by jatinuk » Tue Mar 24, 2015 12:01 pm

Hi,
I am planning to apply for my ILR in a month; but had a bit of trouble with accounts.

Want to take dividend & salary on monthly basis; as director & sole employee of my limited company.

But due to some miss communication, my accountant forgot to register me for Employee's NI.

Since it is the first time I am doing something like this, so I transfer Dividend & salary from my business account to my personal account. (Ideally I should wait for salary slips to be generated by accountant)

Now my accountant is saying dividend is fine, but since you have not done the NI contribution on salary.

Obviously I cannot change the past salary transaction done in my business account;

To fix this my accountants suggest mentioning the salary transaction as dividend too in the accounts summary statement.

This will incur some cooperation tax. But they will prepare my account statement in that way which is not doing any tax evasion or such.

My concern; will it cause any issue with my ILR application

I.e. Mentioning the salary transaction (which are just text saying salary from this to this) as dividend in the account statement. The cooperation tax will be deducted on the total for both.

Gurus please help me on this, feeling kind of stressed.

PS: I will be completing exactly 5 years as PBS Tier1-G on 25th April 2015.

Thanks

jatinuk
Junior Member
Posts: 56
Joined: Fri Aug 17, 2012 10:29 am
Location: London

Re: ILR Application - Dividend vs Salary issue

Post by jatinuk » Tue Mar 24, 2015 6:48 pm

Hi Gurus
Would really appriciate any advice on this please?
Thanks

jatinuk
Junior Member
Posts: 56
Joined: Fri Aug 17, 2012 10:29 am
Location: London

Re: ILR Application - Dividend vs Salary issue

Post by jatinuk » Wed Mar 25, 2015 7:46 am

Hi team,

Any advice or thought on this please?

Thanks

ngeorgeado
Newly Registered
Posts: 3
Joined: Thu Apr 06, 2017 10:58 pm

Re: ILR Application - Dividend vs Salary issue

Post by ngeorgeado » Sun Apr 16, 2017 2:59 pm

Hi.
What did you do in the end? Were you successful?

Thanks

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CR001
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Joined: Thu Mar 08, 2012 10:55 pm
Location: London
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South Africa

Re: ILR Application - Dividend vs Salary issue

Post by CR001 » Sun Apr 16, 2017 3:13 pm

ngeorgeado wrote:Hi.
What did you do in the end? Were you successful?

Thanks
Kindly refrain from digging up 2 year old threads, it clutters the current topics on the forum.

Success from user posted in link below.

indefinite-leave-to-remain/ilr-success- ... l#p1181973
Char (CR001 not Casa)
In life you cannot press the Backspace button!!
Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

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