Do i classify myself as self employment?

[uker]

hi,

i'm a director of my own company, i pay monthly salary to myself, i'm going to apply ILR with payslip and bank statement, but new requirement ask you to show documents you registered with self employment, but i called the HMRC (newly self employment department) twice, they said that you are not calssifed as self employment, you are employee of your own compnay.

i'm really confused, the UKBA never clarify this, all of my income tax and NI has been deducted from my salary.

anyone can help me? really appreciate.

[ilrjune11]

I am Director of my own Ltd Co too. Not an expert in this field but will try to answer your question. I think you are getting confused between "Sole trader" and "Ltd Co.". While both are termed as Self employed, they operate differently and are taxed differently too. (Like Ltd Co.s pay corporation tax and sole traders pay self employment tax). HMRC was right in pointing out that you are not classified as "self employed". You would only need to register for Self assessment will get a UTR (Unique taxpayer reference) from HMRC. You need to speak to your accountant and he should be able to sort out everything thats mentioned in the new rules.

IMO, if you have the following documents you should be OK. (Not all of these documents may be required)

Payslips + Dividend Vouchers
Personal bank statements
Business Bank statements
Company Incorporation Certificate (I think this is where you are getting confused)
P60(s)
Letter from Accountant
Profit and Loss account / Income Expenditure account
Balance Sheet
Invoice(s)