Ltd Co. Director- How the Dividend voucher to be issued?

[ilrtier1]

Hi,

Could anybody say the calculation for dividend voucher.
ie, I have withdrawn say £1000 as interim dividend(Not year end dividend).

I have to show Net dividend, Gross dividend, and tax for dividend in the dividend voucher. I have to apply for ILR.

Can you pl. say if the calculation given below is right,
I have already taken £1000 as dividend,

then

Net dividend = £1000
Tax on dividend = 1/9 x 1000 = £111.11
Gross dividend = £1000 + £111.11 = £1111.11.

Thanks in advance

[AccountantMatthew]

Spot on!

[chundurb]

Spot on!

Hi Matthew,

Have a query and its urgent to know if I can appeal against my Tier-1 exension refusal.

Holding a limited company (I, 100% shareholder/ Director of my company), applied under "Self-employed" category showing the Gross profits made by company as my earnings with P&L / Balance sheet from accountant. I have a UTR for my company apart from my Self-assessment UTR numbers. Am I considered as self-employed?

Reason for rejection: The earnings shown are of the limited company and not applicant's.

As to the below section (point-120; page 23 of 33) of UKBA guidelines, can I appeal to review my application or should I re-apply again? (The last sentence in the section)

Appreciate your quick reply to this urgent query as I have a week to appeal. Thanks in advance.

"Self-employed earnings within a business or company structure:

If an applicant has worked in a selfemployed capacity in his/her own business or company structure and has chosen to keep his/her earnings within the business or company, he/she could provide:
• business or company accounts that meet statutory requirements and show the net profi t made for the earnings periodclaimed; and
• personal/business bank statements.
If the applicant’s accounts and bank statements only show the gross amount of profi t for the business he/she should also provide a third piece of evidence showing the net profi t of the business for the period claimed, for example a corporation tax return or an accountant’s letter. This is because we can only consider the net profi t of the business for the applicant’s income."

[AccountantMatthew]

I'm really not the person that you should be asking chundurb. Best speak to your own accountant or your visa agent at the outset and give full consideration to approaching a visa agent if you don't have one or approach a solicitor who acts in the area of immigration ASAP.

All the best.

[Sushil-ACCA]

Spot on!

Hi Matthew,

Have a query and its urgent to know if I can appeal against my Tier-1 exension refusal.

Holding a limited company (I, 100% shareholder/ Director of my company), applied under "Self-employed" category showing the Gross profits made by company as my earnings with P&L / Balance sheet from accountant. I have a UTR for my company apart from my Self-assessment UTR numbers. Am I considered as self-employed?

Reason for rejection: The earnings shown are of the limited company and not applicant's.

As to the below section (point-120; page 23 of 33) of UKBA guidelines, can I appeal to review my application or should I re-apply again? (The last sentence in the section)

Appreciate your quick reply to this urgent query as I have a week to appeal. Thanks in advance.

"Self-employed earnings within a business or company structure:

If an applicant has worked in a selfemployed capacity in his/her own business or company structure and has chosen to keep his/her earnings within the business or company, he/she could provide:
• business or company accounts that meet statutory requirements and show the net profi t made for the earnings periodclaimed; and
• personal/business bank statements.
If the applicant’s accounts and bank statements only show the gross amount of profi t for the business he/she should also provide a third piece of evidence showing the net profi t of the business for the period claimed, for example a corporation tax return or an accountant’s letter. This is because we can only consider the net profi t of the business for the applicant’s


if ur 100 % owner of company
worked for company

than Profit before tax is yr income for HO point of view

fight in court u will succeed