ILR - Employed plus Self Employed

[barker]

Hi,

My wife has been employed with the same firm for over 4 years now and she will be applying for ILR in April 2012. However she wants to show additional income from a side business that she plans to run as a consultant. Problem is that the tax returns would not be available in time when she applies in April 2012, so what does she show as proof of income with the application? The income from it is under 10K so she has not set up a company and all payments come in to a seperate current account of hers. Is proof of Class 2 NI payment along with bank statements adequate for the same or does she need more documentation. If so what will she need to provide.

[barker]

Hi,

My wife has been employed with the same firm for over 4 years now and she will be applying for ILR in April 2012. However she wants to show additional income from a side business that she plans to run as a consultant. Problem is that the tax returns would not be available in time when she applies in April 2012, so what does she show as proof of income with the application? The income from it is under 10K so she has not set up a company and all payments come in to a seperate current account of hers. Is proof of Class 2 NI payment along with bank statements adequate for the same or does she need more documentation. If so what will she need to provide.

Anyone? Please

[navodwickra]

Hi,

My wife has been employed with the same firm for over 4 years now and she will be applying for ILR in April 2012. However she wants to show additional income from a side business that she plans to run as a consultant. Problem is that the tax returns would not be available in time when she applies in April 2012, so what does she show as proof of income with the application? The income from it is under 10K so she has not set up a company and all payments come in to a seperate current account of hers. Is proof of Class 2 NI payment along with bank statements adequate for the same or does she need more documentation. If so what will she need to provide.

why do you need to include this in your application in the first place? is it because of the new salary criteria? if so she can register as a self employee.

[barker]

Hi,


why do you need to include this in your application in the first place? is it because of the new salary criteria? if so she can register as a self employee.

She wants to show additional income as her salary went down by a fair bit last year. Given current situation we are planning this as a back up for any future problems. Right now she just about makes the required points on all criteria. But if there is an issue with Salary later or else they increase the slabs, we would rather be prepared for it.

Been doing some research and it seems that we will need to submit an accountants letter as well as bank statements showing all transfers made as payment and invoices. But would appreciate any advice that members could provide on this subject.

[zahid.ali.anwar]

Hi,

My wife has been employed with the same firm for over 4 years now and she will be applying for ILR in April 2012. However she wants to show additional income from a side business that she plans to run as a consultant. Problem is that the tax returns would not be available in time when she applies in April 2012, so what does she show as proof of income with the application? The income from it is under 10K so she has not set up a company and all payments come in to a seperate current account of hers. Is proof of Class 2 NI payment along with bank statements adequate for the same or does she need more documentation. If so what will she need to provide.

Hi Barker,

As a consultant, you work privately. You must include, contracts and invoices. In addition to this, get you invoice, contracts, bank statements to a Chartered Accountant, and request him to issue you a letter of profits earned from business. In fact, case worker required you to submit two piece of evidence from independent source for each income you have claimed.

So in a nut shell, you need;

Invoices
Contracts
Bank Statements
NI Class 2 Contribution
Self Assessment from HMRC
Letter from HMRC having UTR and Ni number
Accountant letter about invoice explanition summary

Thanks,

[barker]

[/quote]Hi Barker,

As a consultant, you work privately. You must include, contracts and invoices. In addition to this, get you invoice, contracts, bank statements to a Chartered Accountant, and request him to issue you a letter of profits earned from business. In fact, case worker required you to submit two piece of evidence from independent source for each income you have claimed.

So in a nut shell, you need;

Invoices
Contracts
Bank Statements
NI Class 2 Contribution
Self Assessment from HMRC
Letter from HMRC having UTR and Ni number
Accountant letter about invoice explanition summary

Thanks,[/quote]

Thanks Zahid,

Can you also advise on what we can show if there is no formal contract as such. Her client is willing to transfer the funds to her account so we will have a paper trail and UKBA should be able to verify if they need to as well. They are however no based in the UK and I dont know how to go about getting a formal contract done. She has registered as Self Employed and will be paying the NI after the work starts.

Also when should we get the accountant to prepare the letter of profit? Since the payment will be for each job she does and there is no profit component, the whole amount will be income for us. Does that matter?

[iurm28]

Hi barker
You may contact RR Accountanting solutions ltd in birmingham , specialist to deal with income side of these cases.

call them and speak to them in detail they helped me in their case.