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preparing for ILR as a post extension T1ENT. Checklist

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

Moderators: Casa, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha

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zimba
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Re: preparing for ILR as a post extension T1ENT. Checklist

Post by zimba » Fri Feb 19, 2016 2:22 pm

shaf2008 wrote:Sorry, does it mean that if you do not pay any tax in self assessment , they will not give you ILR
No. As a director or self employed person, you are required by the law to file self assessment tax returns whether you owe any tax or not. You also have to file if you receive any other non-employment income like dividends on shares, capital gains, property rentals, etc. Your accountant will be able to help you on this.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

seasky
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Re: preparing for ILR as a post extension T1ENT. Checklist

Post by seasky » Fri Feb 19, 2016 3:47 pm

zimba88 wrote:
shaf2008 wrote:Sorry, does it mean that if you do not pay any tax in self assessment , they will not give you ILR
No. As a director or self employed person, you are required by the law to file self assessment tax returns whether you owe any tax or not. You also have to file if you receive any other non-employment income like dividends on shares, capital gains, property rentals, etc. Your accountant will be able to help you on this.
Was anyone denied extension due to lack of SA (whether owing tax or not)?

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Re: preparing for ILR as a post extension T1ENT. Checklist

Post by zimba » Fri Feb 19, 2016 4:30 pm

seasky wrote: Was anyone denied extension due to lack of SA (whether owing tax or not)?
Not that I've heard. They certainly check your tax affairs when you apply for ILR though.

A large number of ILR rejections is being reported for Tier 1 General applications currently applying for ILR. They are allowed to work as employed/self-employed but many of them did not have their tax affairs in place and mainly failed to declare their incomes or file SA. Having a certain salary threshold under Tier 1 General is important for the award of points, so many of them are being refused for deceiving HO. Most of them claimed points for salaries but did not pay correct taxes or failed to declare them on their SA.

I did not warn members on SA to freak them out. It is simply a legal requirement that as a business owner, you need to be aware of. ILR applications for Tier 1 will start very soon and I want members to have the perspective. 8)
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

seasky
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Re: preparing for ILR as a post extension T1ENT. Checklist

Post by seasky » Fri Feb 19, 2016 4:33 pm

zimba88 wrote:
seasky wrote: Was anyone denied extension due to lack of SA (whether owing tax or not)?
Not that I've heard. They certainly check your tax affairs when you apply for ILR though.

A large number of ILR rejections is being reported for Tier 1 General applications currently applying for ILR. They are allowed to work as employed/self-employed but many of them did not have their tax affairs in place and mainly failed to declare their incomes or file SA. Having a certain salary threshold under Tier 1 General is important for the award of points, so many of them are being refused for deceiving HO. Most of them claimed points for salaries but did not pay correct taxes or failed to declare them on their SA.

I did not warn members on SA to freak them out. It is simply a legal requirement that as a business owner, you need to be aware of. ILR applications for Tier 1 will start very soon and I want members to have the perspective. 8)
It's an unbelievable useful point to know ahead of time and relatively easy to fix if you are a genuine entrepreneur. thx Zimba!

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Re: preparing for ILR as a post extension T1ENT. Checklist

Post by raj.m » Fri Oct 14, 2016 11:42 pm

Sorry to hijack this thread! Just thought I would use this thread to ask a few questions in relation to "what next after extension"

Set (o)

Section 5: your home and finances

5.1 asks you about your home. What if your home is owned by a relative? Does that mean anything to the HO?

5.3 asks if you're working in the UK. For someone who is on entrepreneur visa, would the answer be yes or no? I ask this as most entrepreneurs withdraw a salary for themselves from their company. Is there a minimum requirement? I ask this because If you answer this question with a yes, it asks you how much your salary is. I withdraw a minimal amount as my salary.

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