Criteria for Hours Calculation- Applying Tomorrow

[zimba]

Hi Zimba , Up to which day they will accept the job creation . For example if our current leave expires last week Feb we can apply for ext in last week of Jan (within 28 days of current visa) . Will they consider full month of employment for Jan even we send our application on 25 Jan . We can do the payroll FPS and pay the employees also before end of the month But these transactions will not show in to last years management accounts as they will be ready up to 15th Jan .Thanks Zimba

Your employment will be counted if it is within the time you had valid visa and you provide evidence of payment before the date of your application. You cannot claim employment till the end of Jan when you want to apply on 25th ! Payslips/FPS/etc you provide must all have payment dates before the date of your application.

[tier1in2014]

Thanks for your quick reply zimba . What if we have the dates on fps as 24th Jan but it will be for full month of Jan pay and will pay the employees by check or Bcas . We will also be able to get up to date statement for 25th Jan . Will this be acceptable then . Thanks

[zimba]

Thanks for your quick reply zimba . What if we have the dates on fps as 24th Jan but it will be for full month of Jan pay and will pay the employees by check or Bcas . We will also be able to get up to date statement for 25th Jan . Will this be acceptable then . Thanks

No. It is common sense. It is irrelevant that you plan to submit your numbers early to HMRC or even pay upfront.
You cannot claim points for hours that are not worked. You cannot claim hours for the entire month of Jan when you apply on 25th.

[ARiaz]

Thanks Zimba, but that thread is silent about K3?

K3 is VERY clear. If you made the investment via DL, then 2nd option should be ticked.
For K4, you invested NONE as you are showing it during your extension so the last option should be ticked.

That't actually tricky part, I didn't make DL in initial application, it was just sitting my personal account and ready to invest, so based on this scenario which option shall I tick in K3

Also do we need to provide investment breakdown, I mean where did the money has invested?

In your company in table 3b1 !!

Lastly, if I am making one DL for all investments, which date shall I use?

The date on the DL agreement.

Stop worrying about small details on the form, get your evidence sorted

That't actually tricky part, I didn't make DL in initial application, it was just sitting my personal account and ready to invest, so based on this scenario which option shall I tick in K3


Sorry I meant to ask, where that 50K from business has spent, do we need to provide breakdown

[ARiaz]

Thanks for your quick reply zimba . What if we have the dates on fps as 24th Jan but it will be for full month of Jan pay and will pay the employees by check or Bcas . We will also be able to get up to date statement for 25th Jan . Will this be acceptable then . Thanks

No. It is common sense. It is irrelevant that you plan to submit your numbers early to HMRC or even pay upfront.
You cannot claim points for hours that are not worked. You cannot claim hours for the entire month of Jan when you apply on 25th.

Sorry to bother you Zimba,
Just need to confirm once again, if I am running more than 1 business do I have to disclose about this anywhere or submit any kind of documentations?
Thanks

[zimba]

That't actually tricky part, I didn't make DL in initial application, it was just sitting my personal account and ready to invest, so based on this scenario which option shall I tick in K3

That question is regarding what you did during your initial period !! What is tricky about it ?? You invested via DL.

Sorry I meant to ask, where that 50K from business has spent, do we need to provide breakdown

No

[zimba]

Just need to confirm once again, if I am running more than 1 business do I have to disclose about this anywhere or submit any kind of documentations?

No if you are claiming no points in that business

[ARiaz]

That't actually tricky part, I didn't make DL in initial application, it was just sitting my personal account and ready to invest, so based on this scenario which option shall I tick in K3

That question is regarding what you did during your initial period !! What is tricky about it ?? You invested via DL.

Sorry I meant to ask, where that 50K from business has spent, do we need to provide breakdown

No

Thanks Zimba for prompt reply
I got this now though with your explanation
Based on my scenario, as I didn't invest any funds into business in my initial application, I should tick option 3 in K4,
"No none of the funds were shown in the previous application" Go to K6
Please confirm

[zimba]

Yes

[tier1in2014]

Thanks lot once again zimba to alert us before we make that mistake . I will wait until 1st week of Feb .

[ARiaz]

Yes

Great! One less problem
Do we have to provide any marketing material or website pages as we had done in initial application

[zimba]

No. Please provide evidence as required in the guide.

[ARiaz]

No. Please provide evidence as required in the guide.

Thanks Zimba,

Is there any specific page/section in guidance which has all the required evidence written there?

[zimba]

It is clear in the guide what need to be sent. There is no list or anything. Please read the guide, the sections related to extension.

[ARiaz]

It is clear in the guide what need to be sent. There is no list or anything. Please read the guide, the sections related to extension.

Thanks Zimba

Just gone through again whole section for guidance and feeling better now, Thanks for million dollar tip
One thing I have noticed, they have mentioned so many occasions "business or businesses" does it relate to by any shape or form with my first question? i.e; which was to disclose about other businesses as well



 established a new business or businesses that has/have created the equivalent
of at least 2 new full-time jobs for persons settled in the UK;

We recognise that, as an entrepreneur, you may have moved on to other activities and
no longer be involved in the business in which you initially invested, but we still require this
evidence to show that the money was invested.

For each business you are providing evidence of investment in, you must supply the
appropriate evidence from the lists below to prove that it is a UK business

[zimba]

No. You can score points across multiple businesses.
Please note that we cannot go through each obvious point of the guide one by one here

[ARiaz]

Thanks Zimba
I will stick with what you said and proceed with only my main company
The reason I was so curious about this point , Because I don't want to end up in a situation where they say I deliberately hide anything and my concern is I do not really want to give them lots and lots of information
Thanks anyway
Soon I will finalize my application and will post list of documents in separate thread

[ARiaz]

No. You can score points across multiple businesses.
Please note that we cannot go through each obvious point of the guide one by one here

Hi Zimba,

I have just paid IHS for me and my dependent and they have issued me only one number. Is this OK?

[zimba]

Yes

[ARiaz]

Yes

Thanks Zimba

[ARiaz]

Yes

Hi Zimba,

Can you please advise if I have to prepare following

1- P11 deductions report
2- My accountant have used 2 different payroll software, one of it has got no RTI submissoin logs so can you please advise if RTI submissions are must have or is it just FPS?
3- Do I have to sign employees IDs?
Thanks

[zimba]

1- No
2- FPS reports only
3- No

[ARiaz]

1- No
2- FPS reports only
3- No

Thanks Zimba, finally please find below list of documents ready for submission

Personal doucments
1-Application for myself and dependent
2- 1 copy of bank statement, showing maintenance funds for both applicants
3- BRP CARD, Passport, Driving licence
4- My graduation degree
5- Tenancy Agreement and Utility bill

Business Documents

1-CAR report with filing history, Incorporation certificate
2- 3 Year-end accounts, signed by director and accountant
3- 3 yeat CT600 copies, signed by director
4- DL agreement, dated year end
5- Business and personal statement pages, confirming transfers
6- Accountant letter confirming investment
7- Accountant letter cofirming job creations
8- 1 month business statement
9- All employees IDs
10- Payslips and FPS reports, P60 and P45 signed and dated by director
11- Insurance certificate

Please advise if I am missing any material thing and if amendments required in current list, Also do I have to provide any cover letter
Thanks Big Time

[zimba]

Looks good. Best of luck

[ARiaz]

Thanks Zimba
Do I've to provide any P46, my accountant told me it is not in use now ?

Also shall I put total no. of hours in some employ has worked or just caped at 30 and ignore anything above in calculations ?