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.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.