Self employed/Company Director CT600 Question

[mrjames777]

Hello!

This is my first post so apologies if it's in the wrong section or has been asked before.

I am the sponsor on my wife's application for ILR and we have an appointment for that towards the middle of this month.

My wife is part-time employed but doesn't meet the financial threshold of £18,600 through her salary from that alone. However I run my own business which I do as a director of a limited company and with my salary we go over the threshold and with dividend income we go comfortably over the threshold.

The issue we have is that the current year end for my business is 31 July and so we won't have the CT600 for 17/18 until after our appointment date and the CT600 from 16/17 is fairly light financially and i'd prefer not to rely on that. So I have asked my accountant to change my year end of June but that will give us a CT600 that is only 11 months in duration rather than a full financial year. I am concerned that the guidance notes asks for a 12-month period with regards the CT600 and that whilst my financials are good whether this shortened period of accounts could be a problem.

I wondered if anyone had any thoughts or experience with a problem like this?

Thanks in advance!!

[Laowai73]

I'm sorry to see you've not received a reply as I have a similar situation which I came here to look for help with.
Regards your situation, I have read elsewhere that the CT600 has to be a full 12-month financial year so I hope you didn't fail with your 11-monther. What was the outcome for you and your spouse?
As for me, my limited company is now 12 months old so I can get the accounts completed, HOWEVER, I also have to rely on salaried earnings as well as my earnings as a employee of my own company and herein lies the problem...
The periods of the CT600 and self-assessment SA302 have to be the same (to April - as per the tax year).
My understanding is that if the periods are not the same you cannot use them both in your application.
This doesn't seem fair. Surely I'm not the only sponsor/ILR applicant who has a mixture of salaried employment and self-employment in the past 12 months.
I believe my question is slightly different to yours so I will try starting a new thread.
I sincerely hope you were successful.