Extension - Limited Company

[srpdata]

Hi ,

I have a limited company and presently i am not generating Invoices for my firm. I just fill the Timesheets for the company with which i have my work agreement and they give the salary based on my timesheets, approved by my manager.
a) Are invoices required for the Tier 1 extension?
b) If yes, Could somebody send me a template for the invoice? and anything else to be done speciifc to Invoices

Regards
srpdata

[QuickSam]

Hi ,

I have a limited company and presently i am not generating Invoices for my firm. I just fill the Timesheets for the company with which i have my work agreement and they give the salary based on my timesheets, approved by my manager.
a) Are invoices required for the Tier 1 extension?
b) If yes, Could somebody send me a template for the invoice? and anything else to be done speciifc to Invoices

Regards
srpdata

Invoices are not required unless you are showing yourself as 'Self Employed'

[srpdata]

Thanks QuickSam for the reply, But are there any possibility that the case worker may ask for that? because different case workers view differently the same case.

[QuickSam]

Thanks QuickSam for the reply, But are there any possibility that the case worker may ask for that? because different case workers view differently the same case.

NO

[aliq09]

Thanks QuickSam for the reply, But are there any possibility that the case worker may ask for that? because different case workers view differently the same case.

NO

Hi ,

So what will be the best document list , i can represent him in my PEO appointment under limited company ... Are profit and loss accounts are necessary ? Kindly comments

[canon123]

payslips -- if any withdrawn for the period you wanna claim.
business bank statements -- can be the same for period you wanna claim
Personal bank statements -- for the same period you wanna claim
LTD Comp - Ceritficate of Incorp
VAT Regd Cert
PAYE Regd letter from HMRC
NI\PAYE\VAT\Corp Tax payment receipts if any
LTD Comp Financial Statements, Profit Loss, Balance Sheet
Accountant letter -- clearly explaining your earnings claimed for the above period and Dividends withdrawn
Sign the Dividend Vouchers
Invoices -- if generated any to clients

And also follow policy guidance

[aliq09]

payslips -- if any withdrawn for the period you wanna claim.
business bank statements -- can be the same for period you wanna claim
Personal bank statements -- for the same period you wanna claim
LTD Comp - Ceritficate of Incorp
VAT Regd Cert
PAYE Regd letter from HMRC
NI\PAYE\VAT\Corp Tax payment receipts if any
LTD Comp Financial Statements, Profit Loss, Balance Sheet
Accountant letter -- clearly explaining your earnings claimed for the above period and Dividends withdrawn
Sign the Dividend Vouchers
Invoices -- if generated any to clients

And also follow policy guidance

Thanks mate!

[srpdata]

Hi All,

I am a consultant and working for my limited company and i am applying my Tier 1 extension in August this year .I had gone through the document checklist in many sections in this blog, i have one query about the Tax document . I am showing my earnings from August 2011-July 2012.

1) What document i need to submit to show the tax i had paid apart from my P60 ?
2) Is Tax proof a mandatory requirement?

Regards
Srp

[adityaisukapalli]

Thanks QuickSam for the reply, But are there any possibility that the case worker may ask for that? because different case workers view differently the same case.

Its not 100% sure that the case worker won't ask you Invoices. Better prepare them and keep with you. If they ask you, then submit them. I have few friends been asked to show Invoices. But its only 1% chance..

[srpdata]

Hi All,

Can anyone reply to my query about the tax proof requirement


1) Is Tax proof a mandatory requirement?
2) What document i need to submit to show the tax i had paid apart from my P60 ?

Regards
srp

[geriatrix]

Read 114 - 120.

[srpdata]

Thanks Sushdmehta, as per the guidelines what i can find out is , Tax document are not necessary but if they are used to show as income proof , what they should contain, hence a tax document doesn't seem to be a necessary document. Please let me know if someone has different views

[geriatrix]

I have the same opinion as you, unless someone wishes to correct.

[sreblog]

payslips -- if any withdrawn for the period you wanna claim.
business bank statements -- can be the same for period you wanna claim
Personal bank statements -- for the same period you wanna claim
LTD Comp - Ceritficate of Incorp
VAT Regd Cert
PAYE Regd letter from HMRC
NI\PAYE\VAT\Corp Tax payment receipts if any
LTD Comp Financial Statements, Profit Loss, Balance Sheet
Accountant letter -- clearly explaining your earnings claimed for the above period and Dividends withdrawn
Sign the Dividend Vouchers
Invoices -- if generated any to clients

And also follow policy guidance

Hi, my LTD company financial year is not completed yet for this year. Can I submit last year's LTD Comp Financial Statements, Profit Loss, Balance Sheet?

[ankitv]

Hi, my LTD company financial year is not completed yet for this year. Can I submit last year's LTD Comp Financial Statements, Profit Loss, Balance Sheet?

The company accounts submitted should corresspond to the period for which earnings are being claimed

[pyke]

If they ask you, then submit them. I have few friends been asked to show Invoices.

Are there requirements for the format e.g. particular details that have to be included, signed or stamped? Will a basic bare MSWord document be acceptable?

[Tier1extn001]

hello

I am new to contracting and just confused if to go with being director of ltd company or just enrolling as PAYE thru my agency.I thing going PAYE would be straightforward for my visa renewal.With ltd. there would be lot of complications it appears..can any one please advise the best option. thank you