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Limited company - Earnings

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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Vega
Junior Member
Posts: 95
Joined: Fri Apr 02, 2010 1:35 am

Limited company - Earnings

Post by Vega » Sun Oct 23, 2011 11:27 pm

For a Tier 1 extension, does UKBA match each payment of invoices provided to credits into the company account?

I ask because my client/agency may pay some of my invoices in part and rest later.

So total of invoices will equals credits. But the individual credits won't match invoices.

I am hoping that for limited companies, the matching is not done at all. Rather it is only for amounts claimed as salary.

Is that correct?

AccountantMatthew
Member of Standing
Posts: 301
Joined: Mon Jul 04, 2011 5:20 pm
Location: London Town

Post by AccountantMatthew » Mon Oct 24, 2011 7:57 am

To save any potential confusion just get your accountant (or do it yourself) to set everything down in a schedule and also explain what has happened/is happening.

I'd be surprised if UKBA wouldn't have come across this numerous times before - it's just what happens in everyday business. As ever though, if you are in doubt, give UKBA a call.

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