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Expenses under 200,000

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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vikramgulati
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Joined: Tue Feb 02, 2016 3:22 pm

Expenses under 200,000

Post by vikramgulati » Thu Feb 04, 2016 9:54 am

Hi

I would like some clearance on the breakdown of expenses that would be considered "investments".
Would Office Rent, Salaries for local staff, Transportation to and fro work be considered under the aforementioned head?

Also, will we be allowed to make payments for rent for our accommodation, personal communication, electricity, internet, groceries, entertainment - can such be included under our "investments", or can such be allowed as Director benefits in the books of accounts?

Please advise.

Vikram

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aby00156
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Joined: Mon May 19, 2014 10:38 pm
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Re: Expenses under 200,000

Post by aby00156 » Thu Feb 04, 2016 10:01 am

Any business expense will be considered as investment like business rent, business bill, business transport etc.
Any thing which is spent on personal use will not be considered as investment.
Please hire a professional accountant who will help you sort out this in detail.
So verily, with every difficulty, there is relief.

helpingperson
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Joined: Sat Aug 25, 2012 11:13 am

Re: Expenses under 200,000

Post by helpingperson » Fri Feb 05, 2016 10:23 pm

What is point of investment in form of expenses when HO only accepts investment as director loan or share capital?

What is accountant letter of investment confirming, is it actual expenses for 3 years in business or amount in director loan agreement/share capital certificate?



I am confused with all this.

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