ILR Limited Company - HMRC Evidence

Hi, all.

I am applying for ILR from Tier 1. For the past 15 months I've been working through my own Limited Company,of which I am sole director and shareholder. The company is registered with HMRC for VAT and Corporation Tax, though I've not filed a corporation tax return yet. I am registered with HMRC self assessment as PAYE but only recently registered with them as sole director of the company

I engaged an advisor a month ago. My advisor instructed me to also engage an accountant. He reviwed the invoices and bank statements, prepared dividend slips and wrote a letter supporting my income requirement based on dividend income.

However, yesterday my advisor told me they would need my HMRC self assessment for the directorship. This was out of the blue as I'd been asking for weeks whether there was anything else I needed. I did not yet have this and immediately registered for it online, but the confirming email said it could take up to four weeks to receive.

I also came across some guidance that said Limited Company Directors applying for ILR must present a Corporate Tax return.

My appointment is early next week. I can push it back a few days, but my current Tier 1 visa expires in a fortnight (and I'm meant to travel home for Christmas!). I reckon I can have the corporation tax return done in time, but how will this self assessment issue impact me?

Thanks

Scrumdown wrote:Hi, all.

I am applying for ILR from Tier 1. For the past 15 months I've been working through my own Limited Company,of which I am sole director and shareholder. The company is registered with HMRC for VAT and Corporation Tax, though I've not filed a corporation tax return yet. I am registered with HMRC self assessment as PAYE but only recently registered with them as sole director of the company

I engaged an advisor a month ago. My advisor instructed me to also engage an accountant. He reviwed the invoices and bank statements, prepared dividend slips and wrote a letter supporting my income requirement based on dividend income.

However, yesterday my advisor told me they would need my HMRC self assessment for the directorship. This was out of the blue as I'd been asking for weeks whether there was anything else I needed. I did not yet have this and immediately registered for it online, but the confirming email said it could take up to four weeks to receive.

I also came across some guidance that said Limited Company Directors applying for ILR must present a Corporate Tax return.

My appointment is early next week. I can push it back a few days, but my current Tier 1 visa expires in a fortnight (and I'm meant to travel home for Christmas!). I reckon I can have the corporation tax return done in time, but how will this self assessment issue impact me?

Thanks

All you need is

- Dividend vouchers
- Salary slips
- Personal bank statements
- Accountant letter
- Accountant qualification certificate

The below are nice to have (you don't have to submit these but keep it in a separate folder in case they ask)
- Business bank statement
- Company incorporation/ VAT registration certificate
- Tax returns submitted, SA 302
- Corporation tax paid receipts
- Simplified accounts

There are 100s of success stories on this forum with the above mentioned documents. My appointment is on 20th December and I will be submitting the same documents.

Good luck with your appointment and let us know how it goes.

Thanks so much for your response.

Query - If I've not yet filed my Corporation Tax return (my first tax year just recently ended), is it worth the hassle of having my accountant prepare the accounts and return on a rush basis before my appointment?