ILR - Employed,Limited Company Director and HMRC help needed
Posted: Wed Jan 22, 2014 10:39 pm
Dear Seniors and experts,
I needed some information on ILR PEO application. I did my extension as employed (sole director of own limited company) and also completed my self assessment and corporation tax return for that year when I was trading. All my earnings were in the form of dividend vouchers (no PAYE at all to avoid NI and Tax etc). This is what my accountant suggested and I got the extension.
My question is: If corporation tax paid is quite low as compare to the earnings claimed (as dividends) during the extension in 2012, does Home Office will have any problem with that? What If my accountant have shown expenses to reduce the tax? I believe it was employed work as director therefore net income of company was not considered to claim points like in case of self employment. However Corporate Tax is paid and self assessment was also completed for that year. I closed my company last year.
Does anyone had similar situation and questioned for HMRC corporation tax as company director?
How often Home Office asked detail on whcih extension was made?
I'm now working full time but my HMRC employment history letter is showing NO NICs paid and NIC type as 'N/A' for 2013-2014. Will that create a problem? Although I have been employed since last 12 months and claiming points for ILR.
One last question: What if one of your previous employers doesn't submit your details (RTI) to HMRC for NI and Tax? and that employment doesn't appear on HMRC National insurance statement?
I will really appreciate your expert advise.
Thanks.
I needed some information on ILR PEO application. I did my extension as employed (sole director of own limited company) and also completed my self assessment and corporation tax return for that year when I was trading. All my earnings were in the form of dividend vouchers (no PAYE at all to avoid NI and Tax etc). This is what my accountant suggested and I got the extension.
My question is: If corporation tax paid is quite low as compare to the earnings claimed (as dividends) during the extension in 2012, does Home Office will have any problem with that? What If my accountant have shown expenses to reduce the tax? I believe it was employed work as director therefore net income of company was not considered to claim points like in case of self employment. However Corporate Tax is paid and self assessment was also completed for that year. I closed my company last year.
Does anyone had similar situation and questioned for HMRC corporation tax as company director?
How often Home Office asked detail on whcih extension was made?
I'm now working full time but my HMRC employment history letter is showing NO NICs paid and NIC type as 'N/A' for 2013-2014. Will that create a problem? Although I have been employed since last 12 months and claiming points for ILR.
One last question: What if one of your previous employers doesn't submit your details (RTI) to HMRC for NI and Tax? and that employment doesn't appear on HMRC National insurance statement?
I will really appreciate your expert advise.
Thanks.