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What exactly is Net Profit in the eyes of UKBA ?

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

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bathra10
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What exactly is Net Profit in the eyes of UKBA ?

Post by bathra10 » Sat Oct 13, 2012 11:44 am

Dear Friends,

Another question, I work in the capacity of a director and I am showing part of my earnings as entitlement of the net profit left in the business after paying Corporation tax and Dividends paids.. .. on the net profit AM I correct in thinking that Net Profit is calculated after the Corporation tax is paid ?? (page 22 , paragraph at the bottom left hand side of the guidance notes says this),, so in the eyes of UKBA that is my gross income in terms of profit share ? Evidence that I plan to submit :

Dividend earnings I am showing :

1) Dividend vouchers - For each payment made into my bank account
2) Personal Bank Statements. referencing them each payment

Evidence for Net Profit Share Entitlement that I am showing is :

1) Statutory Accounts of the Company showing the Net Profit earned after paying the Corporation Tax
2) Letter from my Accountant confirming that
3)Business Bank Account Statements.
4) Invoices Generated by the Business

geriatrix
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Post by geriatrix » Sat Oct 13, 2012 11:51 am

Please continue in the existing topic.
Life isn't fair, but you can be!

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