Tier 1 Extension - Gross or Net Dividend (Limited Company)

[pam22]

Hi,

I am due to apply for extension by End of October. I was checking the UKBA website and one point has confused me. I am operating under my own company as a Director of Limited Liability Company and I am 100% shareholder.

1) Is it Net Dividend or Gross Dividend? They have mentioned Gross Salary but about Dividends not clearly mentioned.

2) I will get the final invoice payment just 3 days before extension application. How can I use that as part of Dividend so I can show enough income?

Thank you !
Pam

[alimohmand]

You can claim points based on Gross Dividend

In regards to your second query you can withdraw dividend as often as you wish to.

All the best.

[gaurav76.5]

As far as I know you claim points on net Dividend which is calculated after tax credit is taken into account...Net Dividend goes into bank account which can be tallied not the gross dividend...

[pam22]

Thank you for the replies but they are pointing in opposite direction. As I understand, Gross dividend is "Net Dividend + Tax Credit". Net Dividend is the amount I paid myself in my Bank. It is easy to calculate Tax Credit on Net Dividend (10% of Gross).

The UKBA website doesn't clearly state if it is Gross Dividend or Net Dividend ? I even paid an agency for getting these answers but again the same, they were not able to surely point if its Gross or Net !

Has someone applied using Gross Dividend figures, can you please confirm?

This could be a deal maker or breaker for me unfortunately.

Early response is really appreciated.

Best Regards,
Parag.[/b]

[gaurav76.5]

when I applied they considered Net Dividend...

[vijaytire1]

It's Gross Dividend that is considered, it all depends on what you show.
If you show net they will consider net, And if you show Gross they will consider Gross.

Check this:

http://www.immigrationboards.com/viewto ... s+dividend

[honey_parmar]

Hi,

I used NET dividend for my approval.

Ta

[adityaisukapalli]

UKBA will consider Gross Dividends as long as you show Dividend Vouchers. Read in Policy Guidance. Its clearly written.

Same happened to me for both initial and extension

[tier1_aspirant123]

i had claimed gross and i got points for gross...