HSMP -> Tier 1 Extension: Self-employed/contractor earnin

[onehumanunit]

Hi all,

I have some fairly desperate questions, and would really appreciate some help from the gurus out there. I am here under HSMP, and need to extend under Tier 1. My 12 month earning period is divided into 3 months of full-time employed earnings and contractual earnings for the latter 9 months, but overlapping into the first 3 months.

For the full-time salaried employment I plan to submit payslips and bank statements - pretty straight-forward, I think.

For the contracts, I plan to submit a) an accountant's letter, b) bank statements, c) invoices, d) stamped payment remittance slips for most* payments, and e) original contracts.

My questions:

1) According to my contract, I am liable for my own tax deductions and national insurance contributions. Therefore, the payments are identical to the gross invoiced amount. Should I be claiming points for the gross amount?
2) In the accountant's letter in which I gather the earnings need to be split up in gross and nett, should a projected tax deduction be shown, or should it rather have a note explaining that the tax will only be payable on a future date? Should the nett be left blank, or should it be identical to gross?
3) Would it be a problem to have the self-employed earnings overlapping the salaried period?
4) Will the documents listed for the self-employed earnings be sufficient, or are there any that might be redundant?
5) I do not have payment remittance slips for a small part of these earnings. Would that be a problem?

Any help will be much, much appreciated. Thank you!

[vinay4uin]

Hi,

I am also looking for applying as a self employed. Can you please let me know what documents (list) that you used to apply yours (as a self employed).

And specifically which documents/letters from the accountant ?

Help would be apperciate.

Regards,

[avjones]

Registration as self-employed with the Inland Revenue, don't forget.