I am applying for my ILR - Tier 1 General - 5 years. I am a self employed sole trader limited company director.
Query is:
1. When reviewing my documents, I noted a discrepancy in the figure of dividends I showed to HO during Tier 1 extension in 2015 and the one filed by my accountant to HMRC. I asked the accountant to get it corrected. Promptly enough he corrected the figures and submitted the application to HMRC. But Since it is July 2017 now, that I detected the mistake (my bad cannot curse me enough), he could not do it online & had to post it to HMRC. He said it could take a couple of weeks before this could get reflected in my HMRC records. He gave me the corrected tax returns documents. Now the dividend in the tax return document and the one I filed during my extension match.
Qs: Does a case worker goes and check each tax return with HMRC's system real-time ? Also if the appointment is one day premium & on a Saturday ? Should I wait to get my records updated in HMRC ?
2. Accountant also has to correct the figures in the company accounts. But problem is company was closed in 2016. So updating the company accounts will take months as accountant has to re-instate the company and then get the accounts updated. He said that as the dividends were declared as directors loans when we closed the company, this will not affect the corporation tax and it should be still be the same.
Qs: Should I wait for months to get the company re-instated and get the accounts updated ? or
Should I submit the accounts with discrepancy and hope they do not notice it or ignore it.
And if HO notices & asks for explanation get accountant letter explaining the situation.
or Should I not submit the company accounts and submit them only when asked ?
Or Should I submit the accounts with discrepancy and get a letter from accountant explaining the situation
The documents that I have for self employment are :
12 months business bank statements
12 months personal bank statements
12 months salary slips
12 months dividend vouchers
12 months invoices
last 5 years personal tax assessments
last 5 years corporation tax returns
all company accounts - but the 2014-15 company accounts have incorrect dividend figures
Any expert suggestion will be highly appreciated. Apologies if this particular query has already been answered. If so pointer/link to the answer will be very helpful and of course appreciated.
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