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For UKBA purposes you are self employed. (For HMRC and everyone else though you are employed).1) Am I self-employed or employed (as a director & employee of a company)?
You won't use a letter from your employer. One, some or all of the others listed above can be used depending on what type of income you are claiming. Dividend tax certificates should also be considered if claiming dividend income.2) What sort of evidence do people in my situation usually provide? The guidance seems to say that if I’m employed, I’d need payslips / payment summaries detailing salary, dividends (gross & net), profits, tax credits and dates of net payments from my accountant and my business and personal bank statements to verify these… It also says a letter from the employer can also be used, but does this apply to me?
Gross3) For salaries and dividends, is it gross or net that's counted?
AccountantMatthew wrote:Without wishing to sound glib Girish it's £40,000!
How you wish to plan it is up to you. It depends on if you wish to minimise Corporation Tax or personal taxes at the same time. It depends on what profits the business make which then determines what can be declared as a dividend. You can also claim earnings proof through company net profits (assuming you are involved in the day to day management) - but then that depends on what the company turnover is and what expenses there are.
Although I'm sure it looks as though I'm promoting my particular industry, it's probably best to get an accountant on board and pay for some advice. S/he can then be given the full facts and can advise accordingly.