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Set LR

General UK immigration & work permits; don't post job search or family related topics!

Please use this section of the board if there is no specific section for your query.

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, Administrator

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Check01
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Posts: 10
Joined: Sat Jun 25, 2016 7:13 pm

Set LR

Post by Check01 » Sat Jun 25, 2016 9:38 pm

Hi all

Your valuable advise much needed. I applied for a set lr on a premium service from tier 1 general £40k annual . What was submitted to HO
2010 2011 March 31st profit and loss accounts 26k on self employment
But the tax was filed for 19k as i purchased a car for 7k on the 2nd april which i included as cost which was exported and sold in the next tax year 2011 2012. I got my tier 1 general. I made a massive loss in 2011 2012 as three of the cars were sold by my partner and the money was pocketted by him. I stopped exporting cars and focused on consultation work during 2012 2013 where i earned 19k self employment which was submitted to the hmrc althou the previous loss was brought forward. I got my etension in this year. The consultation work ceased in 2013 2014 and 2014 2015 and i was focussing on the employed work which was less than £40k. I am not too worried about the discrepancy at the first year as the cost did incur and it was accounted for in the next year. But the years that i didnt make 40k, is that going to be an issue?

Check01
Newly Registered
Posts: 10
Joined: Sat Jun 25, 2016 7:13 pm

Re: Set LR

Post by Check01 » Sat Jun 25, 2016 10:40 pm

Check01 wrote:Hi all

Your valuable advise much needed. I applied for a set lr on a premium service from tier 1 general £40k annual, although i used the 10 year route . What was submitted to HO 2010 2011 March 31st profit and loss accounts 26k on self employment and employed work for 14k.
But the tax was filed for 19k as i purchased a car for 7k on the 2nd april which i included as cost which was exported and sold in the next tax year 2011 2012 6th april to 5th april. As you can see there is a discrepency on the phase of tax paid as the tas year included the extra cosa - i got my tier 1 general. I made a massive loss in 2011 2012 due to increase on import tax and theft .I stopped exporting cars and focused on consultation work during 2012 2013 where i earned 19k self employment which was submitted to the hmrc althou the previous loss was brought forward and paid tax on the excluded loss amount. I got my extension in this year. The consultation work ceased in 2013 2014 and 2014 2015 and i was focussing on the employed work which was less than £40k. I am not too worried about the discrepancy at the first year as the cost did incur and it was accounted for in the next year. But the years that i didnt make 40k, is that going to be an issue?

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Casa
Moderator
Posts: 25784
Joined: Wed Jul 23, 2008 3:32 pm
United Kingdom

Re: Set LR

Post by Casa » Sun Jun 26, 2016 11:18 am

Please continue you in your other thread and refrain from posting this multiple times.
http://www.immigrationboards.com/indefi ... l#p1366538
(Casa, not CR001)
Please don't send me PMs asking for immigration advice on posts that are on the open forum. If I haven't responded there, it's because I don't have the answer. I'm a moderator, not a legal professional.

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