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earnings for Tier 1 extension

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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Giri
Junior Member
Posts: 50
Joined: Thu Dec 20, 2007 12:29 am
Location: UK/Ireland

earnings for Tier 1 extension

Post by Giri » Sun Apr 01, 2012 3:36 am

Hi,

I extended my tier 1 in 2010 for 3 years. That time I showed my net profit as my savings and claimed points for that. Now my 2nd extension is due. To get the points for the earning do I have to show the net profit or gross earnings to claim points? I went through home office guidance but it confuses me.
Can anyone advise me?

Manka10
Senior Member
Posts: 714
Joined: Wed Feb 22, 2012 9:11 am
Location: 127.0.0.1

Post by Manka10 » Sun Apr 01, 2012 10:23 am

Gross earnings = Actual earnings (including taxes) + Operational expenses

Actual earnings (including taxes) = Total amount invoiced - Operational expenses

Net profits = Actual earnings - Taxes

you can show Actual earnings including taxes, not Net profit, as your income to claim points
Manka

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