P60 alternative for Employee of his/her own LTD Co.

[nnj10]

This is for the people who are Freelance contractors and showing themselves as employee of their own LTD Co. for claiming points for previous earnings for ILR.
Most people in this situation would take (less or no) salary and (higher) dividend from his/her LTD co., to lessen the tax and NIC on him/her.
(Before someone shoots me down, people working through their own LTD co. end up paying much higher tax than "employee of some reputed company", when you take into account VAT, Corp Tax, both Employee and Employer's National Insurance Contributions. This is just a matter of personal choice/flexibility.)

For ILR puprpose, if you are asked to provide P60 for past 5 years by caseworker, your P60 will have very less salary and so very less tax deduction for each P60.
This might raise some eyebrows at PEO with such less salary over the past all years you have been contracting, esp now when you have to gain points for your previous earning.

I contacted HMRC to provide an alternate letter to "Employement History Letter" for employee of own LTD company and here is what I got. You can call it "Tax History Letter".
The letter lists all the Taxable Income for each tax year i.e. Income from Salary and Dividend plus any other income you have declared in SA100.
Basically this is just a summary of tax computation table from Self Assessment Return (SA100) for particular tax year.
As it is produced by HMRC, it is more authentic in eye of case worker and more importantly represents true picture of one's overall earnings
as opposed to just P60 which only shows income from salary.