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Directors loan - will it be a problem???help!!

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

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

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raj_84_86
Newly Registered
Posts: 2
Joined: Fri Aug 31, 2012 3:09 pm

Directors loan - will it be a problem???help!!

Post by raj_84_86 » Fri Aug 31, 2012 6:48 pm

Hi friends,
Hope you all are fine.
I will be applying for my tier-1 extension in feb2013.I am showing my earnings from feb 2012 to jan 2013, I am showing my earnings in salary and dividends from my limited company.now the problem is, my company tax returns are filed after march every year. In this process of making accounts, my accountant has mentioned that there is a directors loan of £8000 as I overtook dividends and the rest of the information is like company profits, expenses, tax etc.will it be a problem if it says like DIRECTORS LOAN in my previous year(2011-2012) accounts which I will be showing to UKBA as I need show Feb and March months salary and dividend within that tax year.
Please,advise me on this.
Thanks.

raj_84_86
Newly Registered
Posts: 2
Joined: Fri Aug 31, 2012 3:09 pm

Post by raj_84_86 » Sat Sep 01, 2012 8:05 pm

Can anyone please reply. Moderators, anyone who came across this situation please reply to my question..thanks

cooltt_18
Junior Member
Posts: 95
Joined: Wed Dec 23, 2009 1:17 pm

Re: Directors loan - will it be a problem???help!!

Post by cooltt_18 » Mon Sep 03, 2012 10:25 am

raj_84_86 wrote:Hi friends,
Hope you all are fine.
I will be applying for my tier-1 extension in feb2013.I am showing my earnings from feb 2012 to jan 2013, I am showing my earnings in salary and dividends from my limited company.now the problem is, my company tax returns are filed after march every year. In this process of making accounts, my accountant has mentioned that there is a directors loan of £8000 as I overtook dividends and the rest of the information is like company profits, expenses, tax etc.will it be a problem if it says like DIRECTORS LOAN in my previous year(2011-2012) accounts which I will be showing to UKBA as I need show Feb and March months salary and dividend within that tax year.
Please,advise me on this.
Thanks.
I have few friends who've done this and got their visa extended. This is an issue with HMRC not with Home Office, as long as you can show what you've earned and paid the appropriate taxes.

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