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Limited Company Income/Tax Return

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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

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xray girl
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Posts: 13
Joined: Thu Apr 28, 2005 1:43 pm

Limited Company Income/Tax Return

Post by xray girl » Wed May 18, 2005 11:25 am

About to send off my HSMP Application, but a bit worried about prrof of earnings- have worked through a limited company (FPS) and have earned the required net income, but wondering about declarion for tax. Does anyone know if a P60 is enough to show that my income was declared, or do I have to submit a tax return seperatly??
Thanks in advance :)
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John
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Posts: 12320
Joined: Wed Nov 10, 2004 2:54 pm
Location: Birmingham, England
United Kingdom

Post by John » Wed May 18, 2005 11:34 am

As far as an HSMP application is concerned, the P60 should be fine.

It is a separate mater that the limited company will need to file a CT600 Corporation Tax return, and pay any CT liability. But of course, under company law, the company and yourself are separate legal persons.
John
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xray girl
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Posts: 13
Joined: Thu Apr 28, 2005 1:43 pm

Post by xray girl » Wed May 18, 2005 11:58 am

John, youre a life saver!!! Thanks a million:)
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