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Previous earnings – net or gross amount??

Archived UK Tier 1 (General) points system forum. This route no longer exists.

Moderators: Casa, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, Administrator

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pvivekrao
Junior Member
Posts: 59
Joined: Mon Jun 29, 2009 1:20 pm

Previous earnings – net or gross amount??

Post by pvivekrao » Tue Oct 20, 2009 11:35 am

I am planning to apply tier 1 general visa next month. Could anyone please confirm, do I need to consider Net amount or Gross amount as pervious earnings??

Many thanks
V Rao
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tvn_ramesh
Diamond Member
Posts: 3158
Joined: Fri Sep 21, 2007 7:52 pm
Location: Sussex

Re: Previous earnings – net or gross amount??

Post by tvn_ramesh » Tue Oct 20, 2009 11:37 am

pvivekrao wrote:I am planning to apply tier 1 general visa next month. Could anyone please confirm, do I need to consider Net amount or Gross amount as pervious earnings??

Many thanks
V Rao
GROSS Amount...
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Sushil-ACCA
Diamond Member
Posts: 1234
Joined: Wed Apr 02, 2008 2:47 pm
Location: Wembley Park

Post by Sushil-ACCA » Tue Oct 20, 2009 11:40 am

In case of salary gross

In case of sole trader than net profit (Profit before tax)

In case of company Dividend received from company
CDOKS
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pvivekrao
Junior Member
Posts: 59
Joined: Mon Jun 29, 2009 1:20 pm

Post by pvivekrao » Tue Oct 20, 2009 11:43 am

Thanks Guys...
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ChetanOjha
Moderator
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Joined: Thu Dec 28, 2006 12:49 am
Location: London
United Kingdom

Post by ChetanOjha » Tue Oct 20, 2009 11:43 am

Sushil-ACCA wrote:In case of salary gross

In case of sole trader than net profit (Profit before tax) [before tax would be Gross?]

In case of company Dividend received from company[I would also say salary received from company + dividends received]
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Sushil-ACCA
Diamond Member
Posts: 1234
Joined: Wed Apr 02, 2008 2:47 pm
Location: Wembley Park

Post by Sushil-ACCA » Tue Oct 20, 2009 9:37 pm

if u r already working some where and basic non taxable allowance is consumed in that work, than u dont take salary from business , there is no meaning to pay additional PAYE
CDOKS
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Sushil-ACCA
Diamond Member
Posts: 1234
Joined: Wed Apr 02, 2008 2:47 pm
Location: Wembley Park

Post by Sushil-ACCA » Tue Oct 20, 2009 9:41 pm

there is basic mentality that

we take salary from company and also dividend ( Even HO people think that way)

if u have other source of income say u r working some where than it is always good to take only dividend from business to save PAYE
CDOKS
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