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Extension Approved in 2 Months

Only for UK Tier 1 (Entrepreneur) points system

Moderators: Casa, JAJ, ca.funke, Amber, Zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, geriatrix, John, ChetanOjha, archigabe, push

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Extension Approved in 2 Months

Post by itpba » Sat Dec 10, 2016 9:36 am

Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

jafersadeq
Senior Member
Posts: 642
Joined: Sat Jun 20, 2015 1:14 am
Location: LONDON
St Kitts-Nevis

Re: Extension Approved in 2 Months

Post by jafersadeq » Sat Dec 10, 2016 10:05 am

CONGRATULATIONS
Good news

Was your business in profit or loss.

Thanks

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Sat Dec 10, 2016 11:01 am

jafersadeq wrote:CONGRATULATIONS
Good news

Was your business in profit or loss.

Thanks
Business was in profit

nasiaziz
Member of Standing
Posts: 273
Joined: Mon May 18, 2015 1:25 pm

Re: Extension Approved in 2 Months

Post by nasiaziz » Sat Dec 10, 2016 11:52 am

Congrats
ur time line plz

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Sat Dec 10, 2016 3:05 pm

nasiaziz wrote:Congrats
ur time line plz
applied 10/10/16
Biometrics: 21/10/16
Approval letter received: 07/12/16

Dangerous Dragon
Member
Posts: 135
Joined: Thu Jun 09, 2016 7:26 am

Re: Extension Approved in 2 Months

Post by Dangerous Dragon » Sat Dec 10, 2016 3:51 pm

Congrats

paru.org
Member
Posts: 202
Joined: Mon Dec 29, 2014 11:15 am
India

Re: Extension Approved in 2 Months

Post by paru.org » Sat Dec 10, 2016 8:01 pm

congrats itpba
did they kept ur original accountant letters of job creation and investment ??
i haven't got mine back ?
itpba wrote:
nasiaziz wrote:Congrats
ur time line plz
applied 10/10/16
Biometrics: 21/10/16
Approval letter received: 07/12/16

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Sun Dec 11, 2016 11:34 am

paru.org wrote:congrats itpba
did they kept ur original accountant letters of job creation and investment ??
i haven't got mine back ?
itpba wrote:
nasiaziz wrote:Congrats
ur time line plz
applied 10/10/16
Biometrics: 21/10/16
Approval letter received: 07/12/16
thanks, Yes I got all my documents back

nadeem75
Member
Posts: 100
Joined: Fri Jun 12, 2015 8:57 am
Mood:
Pakistan

Re: Extension Approved in 2 Months

Post by nadeem75 » Sun Dec 11, 2016 12:00 pm

itpba wrote:Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

Hi Itba,
Great you got ext.
Could you share director's loan sample.
It would great help. My ext due in 2 months

Regards
Nadeem.

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Sun Dec 11, 2016 3:01 pm

nadeem75 wrote:
itpba wrote:Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

Hi Itba,
Great you got ext.
Could you share director's loan sample.
It would great help. My ext due in 2 months
Nadeem.


below is the text of my director Loan:

IT IS HEREBY AGREED AS FOLLOWS

1. The Loan
Upon the execution of this agreement, and subject to its terms the Lenders XXXXXXXXXXX agree to make a loan to the Borrower (xxxxxxxxx) in the sum of the Loan Amount as set out above.

2. This loan is Interest Free, Unsecured & subordinated in favour of third party creditors of the Company. The loan is repayable after 05 years.

3. Whole Agreement, Governing Law and Severability

3.1.1 This document constitutes the entirety of the agreement between the parties. It supersedes any prior representations which may have been made, whether orally or in writing. Any modification to this agreement must be made in writing and signed by both the Lenders and the Borrower.

3.2 This agreement shall be governed by the Laws of England and Wales.

3.3 All clauses, sub clauses and parts thereof shall be severable and shall be read and construed independently. Should any part of this agreement be found invalid, this will not affect the validity or enforceability of the any other provision or of this agreement as a whole.

3.4 All terms, conditions and covenants contained in this agreement shall bind the parties and their heirs, legal representatives, successors to title and permitted assignee.





IN WITNESS WHEREOF the parties have caused this agreement to be executed on the day and date first before mentioned........


it was very simple and short All HO requires ia that it shows (1) its unsecured (2) subordinated in favour of third parties (3) signed by yourself for lender and borrower....

mcr2013
Member
Posts: 191
Joined: Fri Apr 12, 2013 10:51 am

Re: Extension Approved in 2 Months

Post by mcr2013 » Wed Dec 14, 2016 5:13 am

What date u get NHS partial refund back in ur account ? Was it before or after the approval letter?

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Wed Dec 14, 2016 7:41 am

mcr2013 wrote:What date u get NHS partial refund back in ur account ? Was it before or after the approval letter?
2 days after the approval it was in my account, I assume it was processed the same day but took 2 days to credit into my account

mcr2013
Member
Posts: 191
Joined: Fri Apr 12, 2013 10:51 am

Re: Extension Approved in 2 Months

Post by mcr2013 » Wed Dec 14, 2016 11:02 am

Oo thanx

samaygrg
Senior Member
Posts: 607
Joined: Sat Jun 09, 2012 11:12 pm
Location: United Kingdom

Re: Extension Approved in 2 Months

Post by samaygrg » Wed Dec 14, 2016 11:42 am

itpba wrote:Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

Congratulations!!!!! great news to hear.

gt23
Junior Member
Posts: 80
Joined: Mon Nov 11, 2013 10:52 pm

Re: Extension Approved in 2 Months

Post by gt23 » Wed Dec 14, 2016 4:00 pm

Congrats friend

Did you get you employee sign the passport photocopy?

Also, how do you show job hours calculations? My employees are on gross annual salary. Is there a template to show total hours and does this needs to be approved by my accountant?

Thanks

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Wed Dec 14, 2016 7:45 pm

gt23 wrote:Congrats friend

Did you get you employee sign the passport photocopy?

Also, how do you show job hours calculations? My employees are on gross annual salary. Is there a template to show total hours and does this needs to be approved by my accountant?

Thanks
No Need for employee to sign passport i just stamped with ORIGINAL SEEN.

Employee hours can be calculated : total pay /pay per hour it will give you total monthly/weekly ( depends how often you pay ) hours. you just need to write the hours you claiming in the application form. if youir payslips show hours and pay per hour the just write those in the application form, not needed to be approved by accountants, thanks

mcr2013
Member
Posts: 191
Joined: Fri Apr 12, 2013 10:51 am

Re: Extension Approved in 2 Months

Post by mcr2013 » Wed Dec 14, 2016 8:52 pm

congratulation

gt23
Junior Member
Posts: 80
Joined: Mon Nov 11, 2013 10:52 pm

Re: Extension Approved in 2 Months

Post by gt23 » Wed Dec 14, 2016 10:28 pm

Thanks for your reply.

I pay monthly salary. On pay slip it does not show hours.

My employee work 32 hours a week. I have a employee contract to prove that. But for calculation is it true i can only claim max. total 130 hours a month. Do i need to make a table and show how many hours each employee has worked?
I am on pre apr 2014 route. Does total 3120 hours rule apply to me.

Also, does all the FPS report for each month need to be signed by accountant or myself.

Thanks

itpba
Junior Member
Posts: 86
Joined: Mon May 16, 2016 8:54 pm

Re: Extension Approved in 2 Months

Post by itpba » Wed Dec 14, 2016 11:56 pm

gt23 wrote:Thanks for your reply.

I pay monthly salary. On pay slip it does not show hours.

My employee work 32 hours a week. I have a employee contract to prove that. But for calculation is it true i can only claim max. total 130 hours a month. Do i need to make a table and show how many hours each employee has worked?
I am on pre apr 2014 route. Does total 3120 hours rule apply to me.

Also, does all the FPS report for each month need to be signed by accountant or myself.

Thanks
32 hrs a week covers a full time job requirement, yes if an employee is doing more than 30 hours a week then HO only counts 30 and the rest not counted but if your employee is doing 32 a week you are good to claim it as full time job. on the form there is table where you have to mention all hours and hourly rate etc.having hours and hourly rate on the payslips is preferable but if you dont have then you can send contract to prove what you are claiming.

Only director/s can sign FPS Reports, Accountant does not need to sign

gt23
Junior Member
Posts: 80
Joined: Mon Nov 11, 2013 10:52 pm

Re: Extension Approved in 2 Months

Post by gt23 » Thu Dec 15, 2016 6:45 pm

Thanks for your reply.

So, for example if my employee worked for 12 months 32 hours a week on gross annual salary of £12,200. How do i calculate hourly rate? Is it total salary/ 52 weeks and then divide by 32?

Does it need to be total minimum 3250 hours for both employees taking max. as 130 hours a month for 24 months.

Thanks

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