Hello,
I would really love to hear from someone who has recently had success with an ILR application via Tier 1 Exceptional Talent route, especially those who are self-employed and had no solicitor and accountant involved.
For the background: I have been in the UK for almost 5 years on Tier 1 Exceptional Promise visa and soon will be able to apply for ILR. Finances wise I have been self-employed (sole trader) and have been doing my taxes myself. I am pretty sure I have all needed documents, but I am confused with the financial evidence part; it states that if you have worked in a self-employed capacity, you can provide one of the following documents:
• A letter from your accountant (confirming the amount you have earned): This letter should be
on headed paper and confirm the gross and net pay for the period to be assessed. The letter
should give a breakdown of salary, dividends, profits, tax credits and dates of net payments
earned. If your earnings are a share of the net profit of the company, the letter should also
explain this. All accountants must be either fully qualified chartered accountants or certified
accountants who are members of a registered body in the UK.
• Company or business financial accounts: These must clearly show the net profit of the
company or business. Accounts must show both a profit and loss account (or income and
expenditure account if the organisation is not trading for profit) and the balance sheet should
be signed by a director. Accounts should meet statutory requirements
Now, obviously, I don't have an accountant at the moment. Do I have to have one? If I use one's services, what period must their letter cover - all 5 years of my qualifying period? And would they be legally able to cover all these 5 years if I get myself an accountant next month?
In case I supply my financial accounts - does anyone know what those statutory requirements are or where I can find these to double check my accounts meet these? And may I sign these myself? As I am a self-employed sole trader my business doesn't have a director, so would my sign count as director's?
Also, does anyone know how to get approval, registration or stamp from HMRC?
It says it's possible to supply a document produced by a person, business, or company as an official return to HMRC, showing details of earnings on which tax has been paid or will be paid in a tax year: this must have been approved, registered, or stamped by HMRC
I have those copies of my tax returns that you get online after submitting your self-assessment form and say they are copies only and not to be sent to HMRC - I suppose these wouldn't count if I just print them out?
I am going to supply them with all my bank statements, some P-60s that cover a little bit of my income and lots of letters from different organisations I have done work for over the years saying how much and when they paid me and what sort of business they are and what sort of work I have done for them (as proof that I have been working in my field)
Sorry about the long post and if any of my questions double any that have been previously asked - I thought I would ask them again since the rules seem to change with the speed of light these days!
Any advice or information would be greatly appreciated!
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