Tier 1 General extension ltd company Final Check.

MACY · Post by **MACY** » Tue May 07, 2013 6:47 pm

Hi Everyone, I am having Peo Appointment in next few days, I have Retail Shop and i have registered my LTD Company. I just want to confirm if i am going on the right track and docs are all right. I am claiming through Salary+Dividends

I need 35k to claim my required points I am showing following docs:

Dividend Vouchers
Personal Bank statement showing maintenance funds & Salary & Dividend Transfer (Same Bank Account)
Business Back Statement Showing withdrawal of salary & dividend & other expenses like shop rent etc.
Accountant letters Confirming the above and P & L.

UTR Letter
PAYE Letter from HMRC
Shop Lease On my Name.
-------------------------------

Following is my total dividend and salary figures.
Last 10 Months Dividend Withdrawn in 10 Transactions: 26930 GBP
Last 10 Months Salary Withdrawn in 10 Transactions: 6240 GBP

Do i need to show invoices as well? Because Retail business is totally on cash its not that i have specific clients like many others.

Please let me know if anything else is needed, I will highly appreciate. Thanks.

gurrano2 · Post by **gurrano2** » Tue May 07, 2013 8:46 pm

The total here is not upto 35k or am I missing something,

MACY · Post by **MACY** » Wed May 08, 2013 1:39 am

gurrano2 wrote:The total here is not upto 35k or am I missing something,

total dividend 26930/0.9 = 29922.3 + 6240 (total salary) = 36162.3

this is how it comes to 35k thts wt i am told by my accountant ... correct me if i am wrong. thanks

gurrano2 · Post by **gurrano2** » Wed May 08, 2013 10:35 am

Why are you dividing by 0.9? I am not sure about that. Did you earn the money from UK or another country?

MACY · Post by **MACY** » Wed May 08, 2013 1:16 pm

gurrano2 wrote:Why are you dividing by 0.9? I am not sure about that. Did you earn the money from UK or another country?

Yes i earned in Uk and its Gross dividend tht i am claiming points on..

gurrano2 · Post by **gurrano2** » Wed May 08, 2013 1:33 pm

It should be fine.....
What I am not sure is if you can make Gross or Net ....
Check with your accountant if he is sure.

Itiswell · Post by **Itiswell** » Wed May 08, 2013 2:10 pm

Macy,

Are you saying Net £26930 and Gross £29922.3?

If yes for net of £26930, should reflect on your personal account. Try to make sure your cover note explains why you are not providing invoices.

I think you should also include company registration cert.

All the best

MACY · Post by **MACY** » Thu May 09, 2013 12:56 am

Itiswell wrote:Macy,

Are you saying Net £26930 and Gross £29922.3?

If yes for net of £26930, should reflect on your personal account. Try to make sure your cover note explains why you are not providing invoices.

I think you should also include company registration cert.

All the best

Thanks for the reply, yes its directly been transferred from my business account to personal account, and I have got the PAYE reference letter, UTR, & Corporate tax letter, I am going in person so not including covering letter.

Lets say i serve 20 customers everyday and all the sales are cash so in my case i dnt have invoices for every sales, i deposit money every month once or twice. Please give your thoughts. thanks...

MACY · Post by **MACY** » Fri May 10, 2013 6:58 pm

I got it approved today. thanks.

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Tier 1 General extension ltd company Final Check.

Tier 1 General extension ltd company Final Check.