Request for advice on Earnings for Tier-1 Visa Extension

[Yash001]

I am self-employed person and director of my own company. I have withdrawn certain amounts from my company account as Loan as advised by my accountant and the same is reflected in my bank statement. My accountant later on advised me that these loan amounts can be shown as dividend and he has declared the same while preparing company yearly account and filled the same with HMRC.



Query-Can I show these loan amounts as my dividend and consider it as earning for Tier-1 visa extension if I mention the same in the Tier-1 Visa Extension Form stating that these amounts were withdrwan as loan but now they are being considered as dividend?

I would be really thankful if somebody can advice me on this.Or re-direct me to any on-going discussion on this topic in past.

[Lucapooka]

I would be really thankful if somebody can advice me on this.

Your accountant has already done this and if they are considered and declared as dividend payments they can be used to score income points.

[Yash001]

Thank you so much for your advice Lucapooka