Change in Previous Earnings Rule-Revised Immigration Rule

[Yash001]

UKBA has again made some changes in immigration rules and some of the changes impact Tier-1 applicants... I just want to see your help to clarify the meaning of the below change

7.6 The Tier 1 (General) category, for highly skilled workers, is now closed to new applicants but remains open for extension and settlement applications. A small change is being made to this category in response to the introduction of the Government’s new “employee-owner” initiative. The change confirms that if applicants exchange some of their UK employment rights for shares as an employee-owner, the value of those shares will not be included when calculating the points awarded for an applicant’s previous earnings.

You can find the details of the bove change at below URL

http://www.ukba.homeoffice.gov.uk/sitec ... iew=Binary

My Query is

Does this mean all those who are working as director of their own Limited company and hold shares in their own company, won't be able to claim points for Dividend and/or Net profit?

I am not able to reason out the meaning of above change, hence posting this to seek your help to clarify the same...

[Lucapooka]

This statement is with regard to the value of shares and has nothing to do with dividend or net profit.

[digitalrev]

Very good point. it does mean if some employee earn share from the company instead of bonus, those share wont be counted as a part of the income.

[digitalrev]

Yes

This statement is with regard to the value of shares and has nothing to do with dividend or net profit.