I am in the process of applying for my tier 1 extension.
Currently I’ve income from 2 source ie
1) Salary
2) Business(Sole Trader)
For business I am already registered with HMRC and I am paying my class 2 national insurance from direct debit.
Nature of my business is IT training & computer/laptop repair services which I operate from my home. I offer my services only to individual clients who pay me by cash & account transfers.
I have following doc’s in place:
• Proof of registration with HM Revenue & Customs (HMRC) as self employed
• Certified Accountant's Income Certificate confirming the exact claiming amount from my business
• Proof of class 2 national insurance paid
• Profit and Loss Statement from Accountant
• Personal Bank Statements
• Invoices
• Remittance Advices
• Salary Employment - Salary Slips and all other relevant documents
My query is since I’ve done all the transactions with individual clients (and not a company or any small/medium business) can this be any area of concern? I can provide all the references of individuals to UKBA with whom I’ve done business
Is it compulsory to have sole trading account or payments made in my personal current account will be fine as my salary is paid in the same account?
Your advices & suggestions will be highly appreciated
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