Tier1 Ext(Limited Company)

[girish]

Dear Friends,
I am very much worried about my current situation. My accountant was sending me payslips every month with proper NI and Tax calculation on it. While i was paying NI Contributions and tax on monthly basis to Tax office via my online account each month - i forgot to transfer the NET Amount to my Personal Account on monthly basis.

Since; UKBA asks for 2 proofs; one would be the payslip and other usually the bank statement; how should i get this resolved ?

Options:

1. Should i transfer the net amount of last 6 months in 1 shot to my personal account
2. Should i transfer in 6 different transactions in a single day? In this case; the dates would be completely different than what is reflected on the payslips

Appreciate your quick reply as i am due to apply for visa in next 2 weeks

Thanks
Girish

[gaurav76.5]

do the six separate transaction on different date and reflect the payment date in your payslips...

[girish]

Hi,
Many thanks for your reply. I guess taking the salary out as 6 transactions is fine; but my accountant suggests me not to change the payslips as the income tax/NI is paid on monthly basis and that would all create confusion.

He is happy to provide a letter stating that i had loaned this money to my company.

Would this be an issue

Any advise please ?

[gaurav76.5]

I am not sure about this...you need to wait for others to reply....What I know is sometime caseworker do check the date on payslips and on the bank statements...

hope someone else can shed light on this..

[kumarraj]

as long as you had money on your business bank account. I don't see any issue with that, as your accountant says you can leave your money in the business account.

[geriatrix]

Hi Friends,
I am due for applying for tier-1 extension and i read somewhere in the board that we have to show receipt for payments of the NI/Payee, VAT and Corp. tax.

1. Could you somebody please advise where do you get the receipts from as i do it electronically from my business account and have never received any receipts from HMRC

2. Corporate Tax - I was told by my accountant that this is paid during my company annual returns which is due March. So how do i show this or is it enough if i mention it that this would be paid in month of March

Thanks
Girish

[girish]

Can somebody please reply ?