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No that's not what I am asking.MPH80 wrote:Are you asking if we would advise someone to illegally fail to declare income?
No that's not what I mean, I just don't know how accounting works.humawakas2014 wrote:Basically you want to show you earn £18600 without actually paying tax lol? This is illegal and no ukba will not accept it as they will ask for self assessment and maybe an sa302 form lol
Not sure it's so much about profits more that and whether you've paid the tax due on that profit, so I fear you'd have to wait until you've actually paid your tax due but by your employer via PAYE (largely Real Time) and SE, I think 9 months after your SE year end.Tier 4 wrote:No that's not what I am asking.MPH80 wrote:Are you asking if we would advise someone to illegally fail to declare income?
No that's not what I mean, I just don't know how accounting works.humawakas2014 wrote:Basically you want to show you earn £18600 without actually paying tax lol? This is illegal and no ukba will not accept it as they will ask for self assessment and maybe an sa302 form lol
I have recently started self-employment along with my full time job by selling my Art work and have register my self with HMRC and paying class 2 NI contribution as sole trader. Since I have recently started this therefore I have to wait till next year to do the self assessment and pay tax.
Therefore I was looking at some accounting service which help me to file my income assessment next year and do kind of legal documentation either with HMRC or by his organisation now to authenticate my profit as I want to apply spouse visa for my Mrs on FLR (M) and need to meet the income threshold.
Or should I wait till next year for self assessment?
Point b shows you have to submit your self assessment.(a) Evidence of the amount of tax payable, paid and unpaid for the last full financial year.
(b) The following documents for the last full financial year, or for the last two such years
(where those documents show the necessary level of gross income as an average of
those two years):
(i) annual self-assessment tax return to HMRC (a copy or print-out); and
(ii) Statement of Account (SA300 or SA302).
(c) Proof of registration with HMRC as self-employed if available.
(d) Each partner's Unique Tax Reference Number (UTR) and/or the UTR of the
partnership or business.
(e) Where the person holds or held a separate business bank account(s), bank
statements for the same 12-month period as the tax return(s).
(f) personal bank statements for the same 12-month period as the tax return(s) showing
that the income from self-employment has been paid into an account in the name of the
person or in the name of the person and their partner jointly.
(g) Evidence of ongoing self-employment through evidence of payment of Class 2
National Insurance contributions.
(h) One of the following documents must also be submitted:
(i) (aa) If the business is required to produce annual audited accounts, such
accounts for the last full financial year; or
(bb) If the business is not required to produce annual audited accounts, unaudited
accounts for the last full financial year and an accountant's certificate of
confirmation, from an accountant who is a member of a UK Recognised
Supervisory Body (as defined in the Companies Act 2006);
(ii) A certificate of VAT registration and the VAT return for the last full financial
year (a copy or print-out) confirming the VAT registration number, if turnover is in
excess of £79,000 or was in excess of the threshold which applied during the last
full financial year;
(iii) Evidence to show appropriate planning permission or local planning authority
consent is held to operate the type/class of business at the trading address (where
this is a local authority requirement); or
(iv) A franchise agreement signed by both parties.
(i) The document referred to in paragraph 7(h)(iv) must be provided if the organisation is
a franchise.