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Accounts change after getting ILR

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vladlondon
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Posts: 6
Joined: Tue Sep 04, 2012 12:24 am

Accounts change after getting ILR

Post by vladlondon » Thu Aug 08, 2013 7:45 pm

Hi,

I got the ILR in January this year. My earnings were made of dividends that I received from my own limited company, and I submitted tentative accounts for the company to the Home Office.

Now it's time to submit statutory accounts to the HMRC. I recently realised I had some expenses that I can declare as business expenses, thus decreasing my profit and tax.

The problem is those expenses were not in the accounts that I submitted to Home Office, and if they were, I won't have been able to pay myself dividends sufficient to qualify for the ILR.

In theory, nothing stops HMRC from checking the accounts I submitted to the Home Office and finding the discrepancy. If it emerges that dividends I declared were more than I was allowed to pay, is there a risk that my ILR will be taken away from me?

In other words, shall I declare the recently discovered business expenses and save a few hundred pounds, or that puts my ILR under some real risk?

Thanks.

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