Tier 1 -Self employed earing

[digitalrev]

there was similar post before. sorry for posting same topic again.

I am self employed, not running as a company structures . I am running my business as sole trader. i was reading through guidelines http://www.ukba.homeoffice.gov.uk/sitec ... idance.pdf


there is no clear explanation given for self-employed applicants earning . do i have to show net profit before tax or after tax ?


in the guidelines page number 26 explain following about self-employed earnings within a business or company structure:


If an applicant has worked in a selfemployed capacity in his/her own business
or company structure and has chosen to
keep his/her earnings within the business or
company, he/she could provide:
• business or company accounts that meet
statutory requirements and show the
net profit made for the earnings period
claimed; and
• personal/business bank statements.
If the applicant is not the sole shareholder of
the company he/she should also provide:
• a letter from his/her accountant confirming
his/her shareholding and the proportion
of net profit before tax to which he/she is
entitled for the earnings period claimed.
All accountants must be either fully
qualified chartered accountants or certified
accountants who are members of a registered
body, see section on providing evidence from
an accountant or accountancy firm.

[geriatrix]

do i have to show net profit before tax or after tax ?

There is nothing called "net profit before tax".
Net profit = Pre-tax profit - Tax.


regards

[[iD]]

Earnings after expenses but before tax.