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somsom2010 wrote:I have been refused Tier 1 visa In august and will reapply on 05/10/2010, i am working as Contractor .
the reason for the refusal was and ECO comment :-(As evidence you have shown you bank statements and a letter from your charted accountant. The bank statement reflect the gross payments stated in the accountant letter, However the published guidance require this letter to detail the gross and net payments made to you.you letter doesn't detail the net payments .Your evidence is not therefore in accordance with the published guidance.).
So he awarded me 0 for previous earnings, the accountant issued a new letter to detail both Gross and Net payments. In the letter he reflected the credit from the bank statements as gross then he calculated the tax then the Net.Therefore Gross earnings -Tax = Net earnings .I would like your guys assistance to know whether this letter will accepted or not .and he calculated the earning from 01/07/2009 to 30/06/2010 will this 12 consecutive months will these period fall in the last 15 months or should i begin from 01/08/2009 to 31/07/2010.
Please i need your assiastance as soon as possible .
Thanks in advance .
I am not an expert but here is my view on this:somsom2010 wrote:somsom2010 wrote:I have been refused Tier 1 visa In august and will reapply on 05/10/2010, i am working as Contractor .
the reason for the refusal was and ECO comment :-(As evidence you have shown you bank statements and a letter from your charted accountant. The bank statement reflect the gross payments stated in the accountant letter, However the published guidance require this letter to detail the gross and net payments made to you.you letter doesn't detail the net payments .Your evidence is not therefore in accordance with the published guidance.).
So he awarded me 0 for previous earnings, the accountant issued a new letter to detail both Gross and Net payments. In the letter he reflected the credit from the bank statements as gross then he calculated the tax then the Net.Therefore Gross earnings -Tax = Net earnings .I would like your guys assistance to know whether this letter will accepted or not .and he calculated the earning from 01/07/2009 to 30/06/2010 will this 12 consecutive months will these period fall in the last 15 months or should i begin from 01/08/2009 to 31/07/2010.
Please i need your assiastance as soon as possible .
Thanks in advance .
Waiting for you assistance please !
.dlight wrote:I am not an expert but here is my view on this:somsom2010 wrote:somsom2010 wrote:I have been refused Tier 1 visa In august and will reapply on 05/10/2010, i am working as Contractor .
the reason for the refusal was and ECO comment :-(As evidence you have shown you bank statements and a letter from your charted accountant. The bank statement reflect the gross payments stated in the accountant letter, However the published guidance require this letter to detail the gross and net payments made to you.you letter doesn't detail the net payments .Your evidence is not therefore in accordance with the published guidance.).
So he awarded me 0 for previous earnings, the accountant issued a new letter to detail both Gross and Net payments. In the letter he reflected the credit from the bank statements as gross then he calculated the tax then the Net.Therefore Gross earnings -Tax = Net earnings .I would like your guys assistance to know whether this letter will accepted or not .and he calculated the earning from 01/07/2009 to 30/06/2010 will this 12 consecutive months will these period fall in the last 15 months or should i begin from 01/08/2009 to 31/07/2010.
Please i need your assiastance as soon as possible .
Thanks in advance .
Waiting for you assistance please !
Gross paymets = Amounts recieved (in bank) - Reimbursments*
Then
Net Payment = Gross Payments - Expenses (such as euipment, bills, rent etc)
Reimbursment are those expenses that occurred performing the job/service and are paid to you by your client.
This Net Payment is what they need! Taxes are not required to be subtracted from Net Payment because UKBA consider net amount earned before tax. However to be more safe, if you are well over the
requirement earnings then subtract the taxes too.
Please let me know if you need more details.
Hope this helps.
somsom2010 wrote:.dlight wrote:I am not an expert but here is my view on this:somsom2010 wrote:somsom2010 wrote:I have been refused Tier 1 visa In august and will reapply on 05/10/2010, i am working as Contractor .
the reason for the refusal was and ECO comment :-(As evidence you have shown you bank statements and a letter from your charted accountant. The bank statement reflect the gross payments stated in the accountant letter, However the published guidance require this letter to detail the gross and net payments made to you.you letter doesn't detail the net payments .Your evidence is not therefore in accordance with the published guidance.).
So he awarded me 0 for previous earnings, the accountant issued a new letter to detail both Gross and Net payments. In the letter he reflected the credit from the bank statements as gross then he calculated the tax then the Net.Therefore Gross earnings -Tax = Net earnings .I would like your guys assistance to know whether this letter will accepted or not .and he calculated the earning from 01/07/2009 to 30/06/2010 will this 12 consecutive months will these period fall in the last 15 months or should i begin from 01/08/2009 to 31/07/2010.
Please i need your assiastance as soon as possible .
Thanks in advance .
Waiting for you assistance please !
Gross paymets = Amounts recieved (in bank) - Reimbursments*
Then
Net Payment = Gross Payments - Expenses (such as euipment, bills, rent etc)
Reimbursment are those expenses that occurred performing the job/service and are paid to you by your client.
This Net Payment is what they need! Taxes are not required to be subtracted from Net Payment because UKBA consider net amount earned before tax. However to be more safe, if you are well over the
requirement earnings then subtract the taxes too.
Please let me know if you need more details.
Hope this helps.
Many thanks for your reply, Actually i don't have any records of my expensive, however it been paid sperately and all what had been deposited are profits of my business. what should i do ?Will they accept it like this Gross as money depoisted in the bank - tax = net .
Are you working through Umbrella company?somsom2010 wrote:I have been refused Tier 1 visa In august and will reapply on 05/10/2010, i am working as Contractor .
the reason for the refusal was and ECO comment :-(As evidence you have shown you bank statements and a letter from your charted accountant. The bank statement reflect the gross payments stated in the accountant letter, However the published guidance require this letter to detail the gross and net payments made to you.you letter doesn't detail the net payments .Your evidence is not therefore in accordance with the published guidance.).
So he awarded me 0 for previous earnings, the accountant issued a new letter to detail both Gross and Net payments. In the letter he reflected the credit from the bank statements as gross then he calculated the tax then the Net.Therefore Gross earnings -Tax = Net earnings .I would like your guys assistance to know whether this letter will accepted or not .and he calculated the earning from 01/07/2009 to 30/06/2010 will this 12 consecutive months will these period fall in the last 15 months or should i begin from 01/08/2009 to 31/07/2010.
Please i need your assiastance as soon as possible .
Thanks in advance .
HSK Accountancy Services wrote:Are you working through Umbrella company?somsom2010 wrote:I have been refused Tier 1 visa In august and will reapply on 05/10/2010, i am working as Contractor .
the reason for the refusal was and ECO comment :-(As evidence you have shown you bank statements and a letter from your charted accountant. The bank statement reflect the gross payments stated in the accountant letter, However the published guidance require this letter to detail the gross and net payments made to you.you letter doesn't detail the net payments .Your evidence is not therefore in accordance with the published guidance.).
So he awarded me 0 for previous earnings, the accountant issued a new letter to detail both Gross and Net payments. In the letter he reflected the credit from the bank statements as gross then he calculated the tax then the Net.Therefore Gross earnings -Tax = Net earnings .I would like your guys assistance to know whether this letter will accepted or not .and he calculated the earning from 01/07/2009 to 30/06/2010 will this 12 consecutive months will these period fall in the last 15 months or should i begin from 01/08/2009 to 31/07/2010.
Please i need your assiastance as soon as possible .
Thanks in advance .
If yes then you are effectively the employee of that company and then submit only document required as an employee. Accountant letter is not required in that case.
If not then you are a self-employed and there are different set- of documents required. Just accountant letter is not enough.
All the expenses uncured to run my business were travel expenses , rent and phone bills, most of them paid separately as i don't keep records of them i will estimate it and i will ask the accountant if he can draw a separate letter to detail the estimated expenses .In this case the money deposited in the bank will be net income .dlight wrote:Hi,
I believe it is better to estimate and show-up (not fake) some expenses because it will show you up as a proper contractor (who do some record keeping, not ad-hoc).
You can simply sum up all your rent, travel (if any), phone line and anything that you use to 'perform your job/service' at your end and list them down as expenses.
Somehting like:
Total Earnings (recived in bank): 1000
Reimbursments: 1000
Gross Earings: 9000
Rent for 12 months: 500
Phone line bills: 500
etc
Net Earnings: 8000
Tax Paid: 100
Net Earnings after tax: 7000
To clarify my point, I am not saying you to report fake expenses but real ones need to be formalized in letter. Just tell your accountant that you encounter such expenses and he will add them in letter and subtract from gross earnings.
Regards