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Tech, thanks for your comments. Are your points valid even if one works through his own limited company, as a Director with 100% shareholding. Is this not running one's own business?tech wrote:HO follows the definition of self-employed defined by Inland revnue.
you are an employee of limited company. As shareholder in the company you are allowed to draw dividends and salary as income. But this doesn't make you as self-employed since you must pay class 1 national insurance
Self employed persons pay class 2 national insurance which is different altogether and have to meet different set of requirements.
Get your accountant issue letter stating your gross and net income, tax paid,salary and dividend vochers. You would also get P60 for the salary drawn for the tax year.This should suffice as proof of income.
Hope this helps
Section 9G of the ILR application has the following:sunny158 wrote: You can apply as employed or self-employed, it is not important,but I will apply as self-employed, because most my income is from dividends. I will show both my personal and company bank statements, my payslips and p60, and corporation tax returns, and annual account reports, but i think we need to show we currently are still trading as well.
So, if you are operating through your own limited company in which you are 100% shareholder, would HO accept only the following company documents (and not personal tax statements nor personal bank statements) for economic activity?sunny158 wrote:However, we apply the ILR, maybe it is not really the same, and i have enough documents to show the progress of my business and income from the business.The progress of your business does not mean you have to make a profit, but it needs to shows you make all the steps to make it profitable and contribute to UK economy.