ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Tier-1 General Extn - LTD Co - Profit/Loss and Balance Stmt

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

saq427
Newbie
Posts: 34
Joined: Sun Mar 13, 2011 4:12 pm
Location: Greater London

Re: URGENT ATTENTION NEEDED

Post by saq427 » Thu May 16, 2013 6:08 pm

Hi,
I read ur post, If you have paid the tax for the amount you have withdrawn and if you have any proof then that should be fine I guess.

what happened with the company thats not the concern of HO, all they see is the tax paid for the period claimed.

As you said you left the company, if have you got any P45 or and confirmation leaving the company before it was close i guess that should be enough.

try to find an accountant just to confirm you are on safe side.

Cheers

layla1234 wrote:
gurrano2 wrote:KARG_G: WHY DO YOU SAY I PANIC PEOPLE. IN YOUR POST YOU HAVE EQUALLY SUBMITTED INTERIM ACCOUNT. WHY DONT YOU WANT OTHER PEOPLE TO SUBMIT SAME....? SEE NO 5 OF YOUR DOCUMENT BELOW:

5) Interim Company Accounts Approx From Aug-2012 Upto Jan-2013
HI guys stop fighting ( BUT EVEN UR FIGHT GIVE USEFUL INFO) and give me your best advise my tier 1 general was approved in may 2011 i used dividend of 25k along with i send P&l account of the company which mentioned total income of 35 k i joined as a director & share holder of my friend company he gave me this figures which accountant mentioned on P&L accounts later he kick me out of the company and in 2012 he closed the company without submitting annual accounts of the company and declared himself as Bankrupt since then i had no contact with him now i realized that he before me he draw himself dividend of 22k in March 2011 i was unaware of it as company bank account was on his name and he was the main owner, my concern is

i am worried that is it misleading to UKBA of giving 35 k operating income on P& l accounts submitted with my application through which i got dividend of 25 k while if the total dividend drawn by both directors amounted 47 k within those period .( he did not told me that he is also getting dividend and applying for tier 1 general before me in March 2011)

And that these dividend were drawn at the initial 8 months of company being incorporated ( not the final annual accounts )

P&L accounts i submitted with my application mentioned only my name as directors but did not mention his name ( while on company house records we both were appearing as directors )

No Prob with this.


though i am on ILR obtained under long residency rule and have nothing to do with tier1 general but what if on any stage later on ukba ask for these reasons or further documents or proof of the company what is my defense how i can justify myself ?

I guess UKBA will not ask any questions

i am unable to provide any further document of the company as he closed the company and its bank account more than an year ago company bank account was under his name so i cannot access it. he has no contact with me i tried a lot but could not get hold of him

will i be responsible of not submitting company annual accounts to HMRC ( while i was resigned from directorship well before the annual accounts reaching date )

is it a deception or general mistake made by me showing only my name as director on company accounts submitted with the application .

is it deception or mistake to mention 35 k income and getting 25 k dividend for myself while the other director also had taken 22k dividend earlier before me

should both dividend be mentioned on the P&l accounts submitted with my application made in April 2011 .

the company which is closed and dissolved voluntary by the other main director, am i responsible to keep all the documentation & business details ?

( while i have paid all tax for my dividend and self employment to HMRC) and nothing is outstanding .

can UKBA make problems for not providing documents and proofs for the closed companies and businesses where you are not the direct sole owner ( just director and hold 100 shares )

PLZ GURUS MODERATORS OR ANY ONE ELSE EXPLAIN ME AS I AM REALLY WORRIED I hardly Got ILR after almost 11 years of struggle in UK canot afford any risk of deception what steps i can take to safe myself .

gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Post by gurrano2 » Thu May 16, 2013 7:02 pm

Can you please confirm if you have got your ILR already? I read somewhere in your note that you are through with ILR already.

layla1234
Newly Registered
Posts: 19
Joined: Tue May 14, 2013 12:43 pm

Post by layla1234 » Fri May 17, 2013 2:26 am

gurrano2 wrote:Can you please confirm if you have got your ILR already? I read somewhere in your note that you are through with ILR already.
Hi thanks for your response with the grace of God I already have ILR. i was just worried that the way the other partner had ignored the rules closed down the company without accounts etc & specially not telling that he already drawn 22k dividend for himself made me uncomfortable because once i was the director of the company of the person who is playing with rules.
yes i have paid every penny of tax and have all that proofs except the company documents

layla1234
Newly Registered
Posts: 19
Joined: Tue May 14, 2013 12:43 pm

Re: URGENT ATTENTION NEEDED

Post by layla1234 » Fri May 17, 2013 2:30 am

saq427 wrote:Hi,
I read ur post, If you have paid the tax for the amount you have withdrawn and if you have any proof then that should be fine I guess.

what happened with the company thats not the concern of HO, all they see is the tax paid for the period claimed.

As you said you left the company, if have you got any P45 or and confirmation leaving the company before it was close i guess that should be enough.

try to find an accountant just to confirm you are on safe side.

Cheers

layla1234 wrote:
gurrano2 wrote:KARG_G: WHY DO YOU SAY I PANIC PEOPLE. IN YOUR POST YOU HAVE EQUALLY SUBMITTED INTERIM ACCOUNT. WHY DONT YOU WANT OTHER PEOPLE TO SUBMIT SAME....? SEE NO 5 OF YOUR DOCUMENT BELOW:

5) Interim Company Accounts Approx From Aug-2012 Upto Jan-2013
HI guys stop fighting ( BUT EVEN UR FIGHT GIVE USEFUL INFO) and give me your best advise my tier 1 general was approved in may 2011 i used dividend of 25k along with i send P&l account of the company which mentioned total income of 35 k i joined as a director & share holder of my friend company he gave me this figures which accountant mentioned on P&L accounts later he kick me out of the company and in 2012 he closed the company without submitting annual accounts of the company and declared himself as Bankrupt since then i had no contact with him now i realized that he before me he draw himself dividend of 22k in March 2011 i was unaware of it as company bank account was on his name and he was the main owner, my concern is

i am worried that is it misleading to UKBA of giving 35 k operating income on P& l accounts submitted with my application through which i got dividend of 25 k while if the total dividend drawn by both directors amounted 47 k within those period .( he did not told me that he is also getting dividend and applying for tier 1 general before me in March 2011)

And that these dividend were drawn at the initial 8 months of company being incorporated ( not the final annual accounts )

P&L accounts i submitted with my application mentioned only my name as directors but did not mention his name ( while on company house records we both were appearing as directors )

No Prob with this.


though i am on ILR obtained under long residency rule and have nothing to do with tier1 general but what if on any stage later on ukba ask for these reasons or further documents or proof of the company what is my defense how i can justify myself ?

I guess UKBA will not ask any questions

i am unable to provide any further document of the company as he closed the company and its bank account more than an year ago company bank account was under his name so i cannot access it. he has no contact with me i tried a lot but could not get hold of him

will i be responsible of not submitting company annual accounts to HMRC ( while i was resigned from directorship well before the annual accounts reaching date )

is it a deception or general mistake made by me showing only my name as director on company accounts submitted with the application .

is it deception or mistake to mention 35 k income and getting 25 k dividend for myself while the other director also had taken 22k dividend earlier before me

should both dividend be mentioned on the P&l accounts submitted with my application made in April 2011 .

the company which is closed and dissolved voluntary by the other main director, am i responsible to keep all the documentation & business details ?

( while i have paid all tax for my dividend and self employment to HMRC) and nothing is outstanding .

can UKBA make problems for not providing documents and proofs for the closed companies and businesses where you are not the direct sole owner ( just director and hold 100 shares )

PLZ GURUS MODERATORS OR ANY ONE ELSE EXPLAIN ME AS I AM REALLY WORRIED I hardly Got ILR after almost 11 years of struggle in UK canot afford any risk of deception what steps i can take to safe myself .
Thanks Saq 427

ANY MORE SUGGESTIONS IF POSSIBLE

gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Post by gurrano2 » Fri May 17, 2013 9:05 am

not sure you have anything to worry about now that you have secured your ILR. Go to bed and sleep with your 2 eyes closed.

Locked