Tier1 Self employed

[softmind82]

Hello,

I am full time employed and earnings 25K a year and also doing part work where i earn around 10k a year.

Regarding the self employed earnings what proof do you need, Is it only letter from the accountant and tax documents ? what about if you self employed money do not reflecting into bank account.

Kindly Advice.

Thanks

[aruni4470]

Hello,

I am full time employed and earnings 25K a year and also doing part work where i earn around 10k a year.

Regarding the self employed earnings what proof do you need, Is it only letter from the accountant and tax documents ? what about if you self employed money do not reflecting into bank account.

Kindly Advice.

Thanks

142. If the applicant is claiming earnings from self employment in the UK, a minimum of two documents, as described below, must be provided in addition to the documents listed in paragraph 141:
i) Employers Liability Insurance from an authorised insurer. (Authorised insurers are individuals or companies working under the terms of the Financial Services & Markets Act 2000. The Financial Services Authority (FSA) maintains a register of authorised insurers). A copy of this document may be provided if the original is legally required to be displayed at the applicant’s premises.
ii) Proof of registration with HM Revenue & Customs (HMRC) as self employed. Provide each partner’s Unique Tax Reference Number (UTR) and/or the Partnerships/Businesses Unique Tax Reference Number (UTR).
iii) Evidence of Registration with HM Revenue & Customs (HMRC) as an employer to pay PAYE & National Insurance. Provide proof of PAYE Reference Number & Accounts Office Reference Number.
iv) Certificate of VAT registration and latest VAT return confirming VAT registration number. (If turnover in excess of £64,000)
v) Latest Annual self-assessment tax return to HM Revenue & Customs (HMRC) - Statement of Account (SA300 or SA302).
vi) Latest Corporate/Business Bank Statement along with a letter from the Bank setting out the dealings it has had with the organisation, including the nature and duration of its dealings.
vii) Proof of ownership of Business Premises and other Fixed Assets or Proof of Lease of Business Premises

[softmind82]

142. If the applicant is claiming earnings from self employment in the UK, a minimum of two documents, as described below, must be provided in addition to the documents listed in paragraph 141:
i) Employers Liability Insurance from an authorised insurer. (Authorised insurers are individuals or companies working under the terms of the Financial Services & Markets Act 2000. The Financial Services Authority (FSA) maintains a register of authorised insurers). A copy of this document may be provided if the original is legally required to be displayed at the applicant’s premises.
ii) Proof of registration with HM Revenue & Customs (HMRC) as self employed. Provide each partner’s Unique Tax Reference Number (UTR) and/or the Partnerships/Businesses Unique Tax Reference Number (UTR).
iii) Evidence of Registration with HM Revenue & Customs (HMRC) as an employer to pay PAYE & National Insurance. Provide proof of PAYE Reference Number & Accounts Office Reference Number.
iv) Certificate of VAT registration and latest VAT return confirming VAT registration number. (If turnover in excess of £64,000)
v) Latest Annual self-assessment tax return to HM Revenue & Customs (HMRC) - Statement of Account (SA300 or SA302).
vi) Latest Corporate/Business Bank Statement along with a letter from the Bank setting out the dealings it has had with the organisation, including the nature and duration of its dealings.
vii) Proof of ownership of Business Premises and other Fixed Assets or Proof of Lease of Business Premises

Thanks for your quick reply Aruni.

Just a quick one

In my case i am declaring myself self-employed for 10k, so letter from the accountant and tax documents would be sufficient ? and there is no need to show that money in the bank statement.

Correct me if i am wrong.


Thanks

[aruni4470]

In my case i am declaring myself self-employed for 10k, so letter from the accountant and tax documents would be sufficient ? and there is no need to show that money in the bank statement.

Not sure. I think you have to show the bank statements regardless to show that you actually have received the money. Please wait for others to comment.