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Gross Income or Net income

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

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coolvirgo1986
Junior Member
Posts: 89
Joined: Tue May 12, 2009 2:07 am

Gross Income or Net income

Post by coolvirgo1986 » Sat May 08, 2010 12:40 pm

when u r employed u show gross salary and which income u have to show when u r selfemployed gross income or net income and how its calculate,,,,,,
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alimohmand
Member
Posts: 240
Joined: Mon Sep 08, 2008 9:56 am

Post by alimohmand » Sat May 08, 2010 2:27 pm

When you are self employed HO will consider your Net Income that is after deductions (your expenses etc)
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[iD]
Senior Member
Posts: 857
Joined: Sat Sep 29, 2007 1:36 am

Post by [iD] » Sun May 09, 2010 11:22 am

Net income after expenses but before tax
Goodluck.
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aliq09
Member of Standing
Posts: 370
Joined: Tue Apr 27, 2010 10:39 pm
Location: London
Mood:
United States of America

Re: Gross Income or Net income

Post by aliq09 » Sun May 09, 2010 1:41 pm

coolvirgo1986 wrote:when u r employed u show gross salary and which income u have to show when u r selfemployed gross income or net income and how its calculate,,,,,,

IMO , contact some good accountant and make your case .....
Thanks

Ali
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Sushil-ACCA
Diamond Member
Posts: 1234
Joined: Wed Apr 02, 2008 2:47 pm
Location: Wembley Park

Post by Sushil-ACCA » Sun May 09, 2010 1:56 pm

[iD] wrote:Net income after expenses but before tax
CORRECT IN CASE OF sole trader

in case of company

dividned is also a basis for points
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