Applying earlier for the extension?

[shaz007]

Hi all,

I have some friends who said to me to apply earlier because HO now giving 14 days to reply them back if anyone gets refusal it is easy to get back in time.What does it mean? Should I Apply earlier now?


My question is, my last year account is in Loss, would that effect in Ho decision? does it Matter? Please reply to clear my confusion especially I asked Zimba and other senior members to shed the light on my questions.

Many Thanks In advance

[zimba]

I have some friends who said to me to apply earlier because HO now giving 14 days to reply them back if anyone gets refusal it is easy to get back in time.What does it mean? Should I Apply earlier now?

I suggest to stop listening to your friends. Your application will not be decided in such a short timeframe and before your Biometrics. You application can only be returned as invalid if you failed to provide photos, payment or Biometrics.

My question is, my last year account is in Loss, would that effect in Ho decision? does it Matter? Please reply to clear my confusion especially I asked Zimba and other senior members to shed the light on my questions.

It has no effect

[shaz007]

Thanks, Zimba, Your reply means a lot to me. What if after passing the visa expiry date like 30th oct 2017 and they send a letter in November or if for example they refuse for anything and give 14 days notice to reply them, in that case, does the person have break his legal time frame of residency? this was my question.

[marcnath]

If it is rejected you will 14 days to appeal. Until the appeal is over you have section 3c cover which extends your current visa on the same terms

[zimba]

Thanks, Zimba, Your reply means a lot to me. What if after passing the visa expiry date like 30th oct 2017 and they send a letter in November or if for example they refuse for anything and give 14 days notice to reply them, in that case, does the person have break his legal time frame of residency? this was my question.

Until you exhaust your options and get refused in AR, you remain protected under section 3C

If it is rejected you will 14 days to appeal. Until the appeal is over you have section 3c cover which extends your current visa on the same terms

Appeal ?! You mean AR I assume

[marcnath]

Appeal ?! You mean AR I assume

Yes, I meant AR.

[shaz007]

Hi

Thanks, Zimba and Marcnath , I appreciate your advice.

invested 50k
One more quick question, If your turnover is not much £12000 and you have taken a director salary from sales a whole year like £680 a month. Will I be short of the investment director loan? and my account year already ended this sept.

[marcnath]

It looks like the salary drawn is less than the turnover - so it should be ok

[shaz007]

£ 8,100 taken out as Dir salary.

[shaz007]

Thanks But solicitors are saying it could be a prob as you have withdrawn director salary like in 2016 £ 7000
and in 2017 £8400 and you are at a loss and sales around £12000. please advice me

[marcnath]

Thanks But solicitors are saying it could be a prob as you have withdrawn director salary like in 2016 £ 7000
and in 2017 £8400 and you are at a loss and sales around £12000. please advice me

The general principle is that your remuneration cannot be counted towards your investment.
Looks like you invested 15000, got income of 12000 and took salary of 15400. You can argue that 12000 of your salary was paid from sales, but that still leaves you 3400 short.

[shaz007]

Hi Mrcnath,

I invested £25000 in 2016 and £25000 in 2017 not £15000 will I will be still short of 3400?

Thanks But solicitors are saying it could be a prob as you have withdrawn director salary like in 2016 £ 7000
and in 2017 £8400 and you are at a loss and sales around £12000. please advice me

The general principle is that your remuneration cannot be counted towards your investment.
Looks like you invested 15000, got income of 12000 and took salary of 15400. You can argue that 12000 of your salary was paid from sales, but that still leaves you 3400 short.

[marcnath]

Hi Mrcnath,

I invested £25000 in 2016 and £25000 in 2017 not £15000 will I will be still short of 3400?

Thanks But solicitors are saying it could be a prob as you have withdrawn director salary like in 2016 £ 7000
and in 2017 £8400 and you are at a loss and sales around £12000. please advice me

The general principle is that your remuneration cannot be counted towards your investment.
Looks like you invested 15000, got income of 12000 and took salary of 15400. You can argue that 12000 of your salary was paid from sales, but that still leaves you 3400 short.

Was a typo, I meant 50000. The 3400 is 12000-15400. So yes, that remains the case.

[shaz007]

HI Marcnath,

Thanks for clearing up but I am still confused as In 2016 when I invested £25000, My company made sales of £10300 and I took £7000 salary. and in 2015 my turnover was £23500 and I didn't take any director salary just dividents £4000 and paid tax around £2000 but in 2015 I didn't invest my money into my account

Hi Mrcnath,

I invested £25000 in 2016 and £25000 in 2017 not £15000 will I will be still short of 3400?

Thanks But solicitors are saying it could be a prob as you have withdrawn director salary like in 2016 £ 7000
and in 2017 £8400 and you are at a loss and sales around £12000. please advice me

The general principle is that your remuneration cannot be counted towards your investment.
Looks like you invested 15000, got income of 12000 and took salary of 15400. You can argue that 12000 of your salary was paid from sales, but that still leaves you 3400 short.

Was a typo, I meant 50000. The 3400 is 12000-15400. So yes, that remains the case.

[marcnath]

HI Marcnath,

Thanks for clearing up but I am still confused as In 2016 when I invested £25000, My company made sales of £10300 and I took £7000 salary. and in 2015 my turnover was £23500 and I didn't take any director salary just dividents £4000 and paid tax around £2000 but in 2015 I didn't invest my money into my account

This is now getting very confusing.
So, here is what I gather.
2015 - Revenue of 23500, Remuneration - 4000. So, remuneration was paid from sales and no impact on investment
2016 - Investment 25000, Revenue - 10300 Remuneration - 7000. Again no impact on investment, so full 25000 valid investment
2017 - Invested 25000. Revenue - 12000 Remuneration - 8400. Again no impact on investment, so full 25000 valid investment

Be clear about your numbers and put them all in one place. It is tough to go through different posts and figure out.

[shaz007]

Hi Marcnath,

Many thanks for clearing up my whole confusion and I was very upset whole time because of the wrong information by solicitor saying I am short of investment and It's going to make problem but you clear all my confusion and tension.

Solicitor was advising me to inject more cash to my business account in order to be safe side.

once again thanks a lot.

HI Marcnath,

Thanks for clearing up but I am still confused as In 2016 when I invested £25000, My company made sales of £10300 and I took £7000 salary. and in 2015 my turnover was £23500 and I didn't take any director salary just dividents £4000 and paid tax around £2000 but in 2015 I didn't invest my money into my account

This is now getting very confusing.
So, here is what I gather.
2015 - Revenue of 23500, Remuneration - 4000. So, remuneration was paid from sales and no impact on investment
2016 - Investment 25000, Revenue - 10300 Remuneration - 7000. Again no impact on investment, so full 25000 valid investment
2017 - Invested 25000. Revenue - 12000 Remuneration - 8400. Again no impact on investment, so full 25000 valid investment

Be clear about your numbers and put them all in one place. It is tough to go through different posts and figure out.