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Investment into business

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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entrepreneur90
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Investment into business

Post by entrepreneur90 » Sun Jul 30, 2017 1:02 pm

Recently started business in uk and have a question if anyone can help please

Example ;

Money has made available for business out of personal as £10

If business has bought goods value £5 and sold it for £8 in cash

Out of £8 cash, another goods value £5 has bought in cash for business and then business has sold it for £8 again

Accountant has done vat return for £10 invoices and paid vat

Suppose this is only activity done by busienss

In final account

Turnover apppear as £16

Cost of sale has purchase of £8

Does this £8 count as money has been spent by business or only £5 count as spent?

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CR001
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Re: Investment into business

Post by CR001 » Sun Jul 30, 2017 1:10 pm

Have you registered another username to continue asking questions about your case?

rahul190

Multiple usernames are not permitted on the forum.

Multiple member IDs (click)
Char (CR001 not Casa)
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entrepreneur90
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Re: Investment into business

Post by entrepreneur90 » Sun Jul 30, 2017 1:33 pm

No

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CR001
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Re: Investment into business

Post by CR001 » Sun Jul 30, 2017 1:34 pm

entrepreneur90 wrote:No
Really?? Almost identical email addresses, except for the slight number difference after the name, and posting from the same IP address!!
Char (CR001 not Casa)
In life you cannot press the Backspace button!!
Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

entrepreneur90
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Re: Investment into business

Post by entrepreneur90 » Sun Jul 30, 2017 1:44 pm

Yes but it's not rahul190, and it's not about his case anyway. I can't tell him to ask about my case on his forum.

entrepreneur90
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Re: Investment into business

Post by entrepreneur90 » Sun Jul 30, 2017 1:47 pm

I would not post any personal reason, it will be fine if you guys can't help because it's linked, sorry but I would not give more clarification

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CR001
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Re: Investment into business

Post by CR001 » Sun Jul 30, 2017 1:51 pm

Strange, registering a username using exactly the same full name in the email address and only change the numbers slightly as rahul190 :idea:

So what exactly is your case and history then??
Char (CR001 not Casa)
In life you cannot press the Backspace button!!
Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

entrepreneur90
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Joined: Sun Jul 30, 2017 12:48 pm

Re: Investment into business

Post by entrepreneur90 » Sun Jul 30, 2017 2:05 pm

Nature of business : Food business, Premises has been bought and refurbished, past performance of business final accounts 180k turnover and purchases of 125k, if I carry on business as revenue of business generated through business activities, does this purchase consider that business has spent money?

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marcnath
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Re: Investment into business

Post by marcnath » Sun Jul 30, 2017 3:58 pm

Besides the email and IP similarity that CR001, even the question has some similarity. A lot of coincidence.

My answer will also be similar. The money spent has nothing to do with immigration rules - it is the investment that matters.

So, it may be useful if you can explain which part of the immigration rules are you concerned about ?
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

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