ILR

[rahul190]

Hello,

Applying for ILR in 2020, taking personal loan from bank have any impact on future application?

[sparkyram]

Nope as long as you repay back...

[Casa]

Nope as long as you repay back...

To clarify...providing you don't default on the loan.

[rahul190]

Sorry, what's that mean, "providing you don't default on the loan"?

[CR001]

Take the loan and just not pay it at all or pay a bit and then don't pay.

[Djsuccess]

Sorry, what's that mean, "providing you don't default on the loan"?

When you take a loan, you will have a repayment plan, usually monthly minimum payment. You will be seen to have defaulted if you stop making your monthly payments without any arrangement with the lender.

[rahul190]

Right okay, thanks a lot for explanation

[rahul190]

On 5 your entrepreneurship route, applying for ILR on 2020

Can I buy and sell freehold property?

Involvement in freehold property has any impact on ILR application?

[zimba]

Your business activity is not relevant for the ILR, unless you work in capacity of an employee

[rahul190]

Hi,


Applying for ILR next year, 5 years of entrepreneurship visa

1. how many hours count as full time and part time?

2. If i have more than one business, do i have to show all business final accounts or just one business final accounts is enough for ILR application?

[CULLINAN]

Hi,


Applying for ILR next year, 5 years of entrepreneurship visa

1. how many hours count as full time and part time?

2. If i have more than one business, do i have to show all business final accounts or just one business final accounts is enough for ILR application?

1) 30 hours/week is FT. Anything less than that is PT.
2) Accounts are not needed for ILR.

[rahul190]

Hi,

Applying for ILR next year,

Final accounts has been made for company but there has been few mistakes which i found out after a year, accountant not able to make amendments

in final accounts wages showing up only £6k but its actually more than £30k paid to staff

concerned about how HO look at it when applying for ILR

Any suggestion please.

[CULLINAN]

Hi,

Applying for ILR next year,

Final accounts has been made for company but there has been few mistakes which i found out after a year, accountant not able to make amendments

in final accounts wages showing up only £6k but its actually more than £30k paid to staff

concerned about how HO look at it when applying for ILR

Any suggestion please.

Although company accounts are not needed for ILR but HO has the power to request any documents if they want. Also recently, there is a wave of interviews at ILR stage and in that case they will ask you all questions regarding anything. £6k and £30k+ is a huge difference. Your accountant should amend and submit it to HMRC.

You as a director are responsible for what information is submitted to HMRC on your behalf as you sign a declaration giving that power to your accountant.

[bizman]

I’m surprised your accountant did not insist to amend that for you. I wonder about his competence. Are you sure he is a certified accountant. Try and tell him to amend the error and resubmit to HMRC, this is very important and ensure the amended copy is also filed with companies house. HO can always check it there.