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TurnOver vs Profits

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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mightypower
Junior Member
Posts: 90
Joined: Sun Mar 23, 2014 6:49 pm

TurnOver vs Profits

Post by mightypower » Thu Mar 03, 2016 7:38 pm

Hi

I am due my ILR this April, i am preparing for my application.

During my initial application, I had 20,998 in direct employment and 16,950 as Turnover out of which 14, 301 was calculated as Net Profit and Total Taxable Profit as 10, 536 for which he paid taxes.

If I add up my Direct Employment + Taxable Profit it is only coming upto 31, 524 which is what showing on SA302, but if i add up net profit from my self emplyment and direct employment it is 35,289.

i am just bit concerned which one the HMRC considers, i did not want to fudge anything, i dont know if my acccountant filed it properly.

My extension was direct employment and my ILR will be direct employment as well.

Please help!

mightypower
Junior Member
Posts: 90
Joined: Sun Mar 23, 2014 6:49 pm

Re: TurnOver vs Profits

Post by mightypower » Thu Mar 03, 2016 7:43 pm

HI
pls delete i have raised in correct section now.

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