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ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 11:57 am
by worry
Hello Friends,

My senario is a follows:

Initial application (2011)
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Income period was 7th march - 8th march and I claimed points for 28500 (self emplyeed)
In my SA return I paid tax for 26000.

Extenstion Application (2013)
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Income period was 7th march - 8th march and I claimed points for 21400 divident from my company
Paid corporation tax which was about £400 less
SA return was 19950 divident


My ILR application is due in April 2016
Now I am really worried about the tax Discrepancies.

PPPPPPPPPPPPlease advise me ... what action I should take now????

Re: ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 12:13 pm
by worry
Please advice ... please

Re: ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 3:03 pm
by O_Relly
The best course of action would be to contact HMRC and get this corrected and pay the taxes due in retrospect inclusive of fines if any.

That will put you out of any worry.

Re: ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 4:33 pm
by HarryJones
just do the needful asap

Re: ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 4:34 pm
by worry
O_Relly wrote:The best course of action would be to contact HMRC and get this corrected and pay the taxes due in retrospect inclusive of fines if any.

That will put you out of any worry.
Thanks mate for your reply. but my company is close already. How I can pay that tax now?

Re: ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 4:38 pm
by HarryJones
you just need to do the self assessment. Amend your SA and send to HMRC. Simple

Re: ILR after five years in Tier 1 General - tax issue

Posted: Wed Sep 02, 2015 6:38 pm
by aliq09
to wory:

Kindly bring all figures in line with HMRC and HO. Not sure about the Ctax issue as your company is closed but in my opinion , its better you have good answer for this action if HO ask you during your application. Have you submitted some figures like company accounts to HO in initial application. Company accounts carry the figures for end of year Ctax ..