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Thanks in advancechetanojha wrote:Download very first file template from
this link. Salary Explaination Template is under file X_Master_Cover_Letter.doc
Cover letters are not a must, but good to have. But its your choice after all.sudhakar_barua wrote:Hi, If I do not need to explain any thing in detail; and my Tier 1 form and evidences all straight forward- do I need to add a cover letter to state what is already covered in various sections of the form?
chetanojha wrote:Hi John,John wrote:chetanojha, I think that is incomplete. That is, with reference to the dividends paid, there should be a further column, "Tax Credit", and the amount of that Tax Credit is one-ninth of the amount of the dividend paid.
The point is that for tax purposes, as regards dividends, the taxable gross amount is the total of the dividend paid and the Tax Credit. (Unless someone is into higher rate tax, the amount of the Tax Credit covers the tax liability on that income.)
You might also want to add a further column, for clarification, say "Gross Total", which would be a total of the gross Salary, the dividend, and the Tax Credit attached to that dividend.
The dividends mentioned in the letter is Net Dividends which corroborates with the amount in bank statement. I used the same yesterday for my ILR approval.I will though amend the template and upload it.
mubu wrote:Thanks for the fantastic tempaltes.
I have made a mistake, can someone tell me if this is OK?
I draw salary and dividends from my limited company.
When I withdrew dividends, accountant told me 10,000 gross and some xyz tax component.
but i have transferred 10,000 completely!
what should I do ? Should I pay the xyz to govt? bank statement shows 10,000 credit
Should I ask for another dividend voucher with 10.000 as net and 10,000 + xyz as gross?