Tier 1 Extention Plz help

[Mazher.ahmed]

Hi Guys,

Firstly I thank the people of the forum for creating such huge info available in place.

I plan to apply Tier 1 general extension Soon

I run my limited company, I am 50% share holder and my brother 50%

Something gone wrong in the payments i took from business account, please let me know if its affect

i plan to show 12 months payslips and dividend vouchers, The payments I have taken are

Month - salary - dividend - personal bank statement

May 2012 - 650 - 3000 - 2 different transactions

June 2012 - 650 - 3000 - 2 different transactions

July 2012 - 650 - 3000 - 2 different transactions

Aug 2012 - 650 - 3000 - 2 different transactions

Sep 2012 - 650 - 3000 - 2 different transactions

Oct 2012 - 650 - 3000 - 2 different transactions

Nov 2012 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000


Dec 2012 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000

Jan 2013 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000

Feb 2013 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000

Mar 2013 confused - not yet decided

April 2013 confused - not yet decided

Please guys let me know if this affect my visa extension



The documents plan to take are:

- 12 months payslips with accountant stamp
- 12 Invoices with accountant stamp
- 12 months personal statements
- Accountant letter detailing salary, dividend, invoices and my 50% shareholding etc
- accountant letter
- dividend vouchers with accountant stamp and signatures
- Vat registered certificate & payments done
- corporation tax submission for 2011 & 2012 and payment confirmations
- P60 - 2012, 2013
- Client contract letter previous and new contract


Please let me know.. your help will be much appreciated..

Thanks

[dilip_gem]

You should be fine. Just try to explain everything correctly in the covering letter and get a letter from accountant.
Doesn't matter how many transactions your limited company makes for paying your salary & dividend as long as you get a letter from accountant and produce dividend vouchers. In accountant's letter you may add a column to specify payment dates (which should tally with your bank statements)

Also remember that dividends are company's profit distributed to all share holders. So, if your brother is 50% share holder then he gets same dividend as you are getting (each time your company declares dividends). I'm not an accountant but I read it somewhere when I ran a limited company of my own.


Regards,
Gem

Hi Guys,

Firstly I thank the people of the forum for creating such huge info available in place.

I plan to apply Tier 1 general extension Soon

I run my limited company, I am 50% share holder and my brother 50%

Something gone wrong in the payments i took from business account, please let me know if its affect

i plan to show 12 months payslips and dividend vouchers, The payments I have taken are

Month - salary - dividend - personal bank statement

May 2012 - 650 - 3000 - 2 different transactions

June 2012 - 650 - 3000 - 2 different transactions

July 2012 - 650 - 3000 - 2 different transactions

Aug 2012 - 650 - 3000 - 2 different transactions

Sep 2012 - 650 - 3000 - 2 different transactions

Oct 2012 - 650 - 3000 - 2 different transactions

Nov 2012 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000


Dec 2012 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000

Jan 2013 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000

Feb 2013 3650 (650 salary& 3000 dividend) - 1 transaction
accountant showing salary +dividend in as Net PAY
its a standard salary slip
1st line saying pay - 650
2nd line saying dividend - 3000

Mar 2013 confused - not yet decided

April 2013 confused - not yet decided

Please guys let me know if this affect my visa extension



The documents plan to take are:

- 12 months payslips with accountant stamp
- 12 Invoices with accountant stamp
- 12 months personal statements
- Accountant letter detailing salary, dividend, invoices and my 50% shareholding etc
- accountant letter
- dividend vouchers with accountant stamp and signatures
- Vat registered certificate & payments done
- corporation tax submission for 2011 & 2012 and payment confirmations
- P60 - 2012, 2013
- Client contract letter previous and new contract


Please let me know.. your help will be much appreciated..

Thanks

[Mazher.ahmed]

Thanks Dilip for your reply,

As 50% share holder is my brother and he is getting almost the same dividend, But do i need to prove that.

If yes, How can i prove that.

[dilip_gem]

I think they might verify your business banking statements. My advice is consult a good accountant and a solicitor to file your application. If you are confident of preparing documents on your own, then you may not require a solicitor but accountant inputs are must in your case.

Thanks Dilip for your reply,

As 50% share holder is my brother and he is getting almost the same dividend, But do i need to prove that.

If yes, How can i prove that.