Home and Finance - SET(M)
Posted: Tue Oct 22, 2013 10:59 pm
Hi,
This section seems to be a popular area of concern, here's my problem...
My wife is due for her SET(M) appointment (PEO) at the end of November.
I have been a Company Director since 2001
My wife is self employed since 2012.
Neither of us have wage slips, i pay myself from dividends, my wife gets ad-hoc cash and pays the standard class 2 NICs for self employed. I have put that i take £3500 per month and my wife £600 per month, some of that can be seen in bank transfers but my dividends are very random across the year so not obvious to see on statements.
We both submit HMRC Returns online (no paper copies), we can download them from HMRC but i'm not sure how acceptable that is?
I also have my own company accounts, which shows shareholder funds (i'm sole share holder) of £160000. As Director i sign these accounts and they don't need to be audited, so they are just on plain paper and sent to HMRC each year. So what i'm saying is that are these acceptable? Anyone could create these returns and accounts and pretend they are real.
I can show from the mortgage statement that there is £130000 equity in the property (in my name only). Will that be taken as having means without having payslips etc?
The fact that we don't claim any benefits/allowances must indicate that we haven't needed to and wont need to in the future unless there is a drastic event (god forbid).
any thoughts?
This section seems to be a popular area of concern, here's my problem...
My wife is due for her SET(M) appointment (PEO) at the end of November.
I have been a Company Director since 2001
My wife is self employed since 2012.
Neither of us have wage slips, i pay myself from dividends, my wife gets ad-hoc cash and pays the standard class 2 NICs for self employed. I have put that i take £3500 per month and my wife £600 per month, some of that can be seen in bank transfers but my dividends are very random across the year so not obvious to see on statements.
We both submit HMRC Returns online (no paper copies), we can download them from HMRC but i'm not sure how acceptable that is?
I also have my own company accounts, which shows shareholder funds (i'm sole share holder) of £160000. As Director i sign these accounts and they don't need to be audited, so they are just on plain paper and sent to HMRC each year. So what i'm saying is that are these acceptable? Anyone could create these returns and accounts and pretend they are real.
I can show from the mortgage statement that there is £130000 equity in the property (in my name only). Will that be taken as having means without having payslips etc?
The fact that we don't claim any benefits/allowances must indicate that we haven't needed to and wont need to in the future unless there is a drastic event (god forbid).
any thoughts?