Hi Members,
The question and advices in this forum has immensely helped me in preparing for application. Thanks to all.
I am due to apply for my 2nd T1 general extension in Jan '14 but have a question on whether owning a pvt ltd company in the past would have an affect in extension or ILR?
Currently I am employed as a perm staff but I used to work as a contractor through my Pvt Ltd company from Jan 2012- March 2013. I had been managing corporation taxes and other liable charges for running a company through an accountant, and all my paperwork is perfect till date. I have applied for company strike off and its in progress, and have closed VAT and PAYE scheme. I stopped drawing salaries and dividends from March.
In my latest extension application, the period for which I am claiming earnings is after Apr 2013, this doesnt include earnings from my Employment as a Director, but as an employee of a UK based company.
My claim period is Apr '13 to Jan '14 and during this time I was employed as a perm staff, drawing salaries from a UK registered pvt company.
My questions are:
1. Would a historical directorship make an affect to extension application in which the claim period DOESNT include director earnings?
2. Should I include details about my "closed" company in the cover letter? But this may confuse the case worker.
3. I am due to ILR in Aug '14 and wonder if this historical directorship would again be a point of concern?
Many thanks.
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