T1 Entrepreneur Salary income from abroad

Hi

A T1 Entrepreneur can have salary income abroad in a company he is holding 45+ percentage share but not a director?

The guidelines says T1 Entrepreneur should not work for other companies. So directorship is important or shareholding will be enough?

Great if someone can answer

Thanks

shabra wrote: ↑

Thu Jan 28, 2021 1:06 pm

Hi

A T1 Entrepreneur can have salary income abroad in a company he is holding 45+ percentage share but not a director?

The guidelines says T1 Entrepreneur should not work for other companies. So directorship is important or shareholding will be enough?

Great if someone can answer

Thanks

That is an interesting question but I don't think HO can regulate what you do outside the country. You definitely don't have rights to work in another employment in the UK and if you are working for the company abroad while you are living in the UK, I suspect that would still be covered as being employed by another business in the UK. You do realise you need to follow all other UK regulations and pay PAYE for that salary?

shabra wrote: ↑

Thu Jan 28, 2021 1:06 pm

Hi

A T1 Entrepreneur can have salary income abroad in a company he is holding 45+ percentage share but not a director?

The guidelines says T1 Entrepreneur should not work for other companies. So directorship is important or shareholding will be enough?

Great if someone can answer

Thanks

as far as my understanding goes, HO shouldn't be bothered about it as your other income is out of the UK.

It would rather be interesting to see how HMRC will end up charging taxes on that income

snt wrote: ↑

Sun Feb 07, 2021 2:35 am

shabra wrote: ↑

Thu Jan 28, 2021 1:06 pm

Hi

A T1 Entrepreneur can have salary income abroad in a company he is holding 45+ percentage share but not a director?

The guidelines says T1 Entrepreneur should not work for other companies. So directorship is important or shareholding will be enough?

Great if someone can answer

Thanks

as far as my understanding goes, HO shouldn't be bothered about it as your other income is out of the UK.

It would rather be interesting to see how HMRC will end up charging taxes on that income

I don't think you are correct in saying HO shouldn't be bothered. There are plenty of cases where HO has taken interest in things that you may think should not impact a Visa application. They have considerable latitude thanks to very broad and undefined clauses like genuineness, compliance to UK laws, etc.

As to how HMRC will end up charging taxes, that is easier. We have the obligation to report it in our Self Assessment and UK taxes worldwide income. There are agreements on information exchange with a lot of countries now, so not reporting it is considerably risky now.