Page 1 of 1
Difference between self-employed and limited company
Posted: Fri May 30, 2014 12:01 pm
by xyz111
Hi,
Wondering if there is a difference between self-employed and being director (employee) of a limited company?! This is related to Form AN, which requires statement of accounts from self-employed applicants.
I am limited company director (and sole employee) and applying for naturalisation based on 5 years work residency and 1 year ILR.
Question:If I can consider myself PAYE then what do I need to submit?!
Thanks.
Re: Difference between self-employed and limited company
Posted: Fri May 30, 2014 12:14 pm
by newbie_t
xyz111 wrote:Hi,
Wondering if there is a difference between self-employed and being director (employee) of a limited company?! This is related to Form AN, which requires statement of accounts from self-employed applicants.
I am limited company director (and sole employee) and applying for naturalisation based on 5 years work residency and 1 year ILR.
Question:If I can consider myself PAYE then what do I need to submit?!
Thanks.
Your PAYE reference number.
Re: Difference between self-employed and limited company
Posted: Fri May 30, 2014 1:43 pm
by xyz111
Many thanks.
1. for my situation would that be sufficient as I switched into limited company business vert recently?!! I have been PAYE forever!!
2. For the purpose of AN form. Are self-employed differant than Limited Company (with sole employees) owners?
Thanks.
Re: Difference between self-employed and limited company
Posted: Fri May 30, 2014 1:48 pm
by newbie_t
xyz111 wrote:Many thanks.
1. for my situation would that be sufficient as I switched into limited company business vert recently?!! I have been PAYE forever!!
2. For the purpose of AN form. Are self-employed different than Limited Company (with sole employees) owners?
Thanks.
1. Yes, you are an 'Employee' of your limited company.
2. Self-employed is different to being a director (share holder) of your limited company.