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financial requirement section of FLR(M)

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softlogic20
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Posts: 151
Joined: Fri Oct 26, 2007 5:18 pm

financial requirement section of FLR(M)

Post by softlogic20 » Mon Nov 03, 2014 12:17 pm

Hello Everyone,
Please excuse me if posting a new topic is not good idea but I could not find relevent topic to put my question.

I have question regarding financial requirement section of FLR(M) application form for my wife.

I am a Director (employee) and shareholder in my Ltd company, so I am not self-employed in the view of HMRC. The company is the trading entity and I simply draw a salary and profit share by way of dividend.(IT Contractor)

From Annex_FM_1_7_Financial_Requirement document I can see I am falling under category F (but not self-employed since I am employed by my company)

Now while filling form I am confused which section I need to fill ? Section 7.3 B say that you can write information about Category F but all questions are asked about self-employment.

Any idea which sections I am supposed to fill this form?

Regards
Kash

Obie
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Posts: 15163
Joined: Tue Apr 21, 2009 1:06 am
Location: UK/Ireland
Ireland

Re: financial requirement section of FLR(M)

Post by Obie » Mon Nov 03, 2014 4:13 pm

Under the Rules you are indeed self employed, and will be treated as such under the rules.
.3.2.For those employed as a director of a specified
limited company in the UK,the relevant financial year(s)
will be that covered by the Company Tax ReturnCT600and corresponds
to the 12-monthaccounting year of the company.
Smooth seas do not make skilful sailors

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