Dear Madam/ Sir,
I am about to make an application for an ILR in the next few months. I have 2 very specific queries which I was hoping to get more info on. It will be great if you could kindly assist me with the following 2 queries.
NOTE: I am a Director in a Ltd company with another partner (who is also a director). I take a nominal salary of £7.2K per annum and most of my earnings in Dividends.
1. Most of my earnings are in Dividends. I am planning to submit my dividend vouchers for all the payments and bank statements along with these. My dividend vouchers however do not mention net dividends, they only mention Tax Credits and Dividend Payable. The Dividend Payable is the actual dividend that is paid out. The guidance says that it must clearly mention Gross and Net. As this is a standard software generated voucher it does not list Gross and Net. It only shows Dividend Payable and Tax credits.
The dividend payable is the amount shown on the bank statements. I pay my taxes on this at the end of the year. Please would you kindly let me know if this is acceptable. If yes, what is the actual figure considered is it the Dividend payable amount or the Gross (i.e. Dividend payable+ Tax credits).
2. I take a nominal salary of £7200 per annum (for taxation benefits). In one case there has been a late payment where I got 3 months salaries at a later date. I do have the 3 payslips and the bank statements shows that the 3 payments have been made together. Will this be an issue?
For E.g. The salary for April (£600), May(£600) and June (£600) have been paid in June. So the june statements show a payment of £1800. I do have all the payslips.
I look forward to hearing from you.
Thank you.
Kind regards,
Tayyab Mohamed
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