Post
by vaza » Sun May 17, 2020 10:43 am
It is not clear from your post what you mean by discrepancies. If you declared the 30k profit until the time of application but made the losses after that, the issue is tax year ended after the application. I think you have a defence if the losses/expenses have a clear date after the application, that is, you did not lie or exaggerate. You can clearly prove that.
Ask yourself if you declared the correct amounts for the subsequent application for ILR. Presumably you did and it was approved. You declared already these, so it looks OK for me, but no one knows whether HO will question this or anything - it is more of likelihood or how much defense you have.
If, however, you declared the income for the leave, but then found you can claim more expenses for the same period, then that looks like a willful omission. This will be harder to defend.
There were cases in the news where people amended tax returns. These will raise red flags for sure. Otherwise, it will be less obvious but there is no guarantee.