Tier 1 Extension

[rkomaturi2382]

Hi Friends,

Currently i am in Tier 1 General Visa.My extension due in May 13th 2012.

Planning to apply on April 1st or 2nd week.I am planning to show earnings from march 2011 to feb 2012.So below is my situtation:

March 2011 to October 14th 2011(worked as Permanent employee)--Here i covered 25300 pounds.from october 17th 2011 i started as contracting with same company .So i started my limited company and i am the only director to the company.
My accountant said instead of taking salary,take 100 % dividend from the company.this is safe and easiest way to get extension.I need to cover only remaining 10000 pounds as dividends.Is it right approach or any alternatives are there?

Could you please any one give suggestions to my situtation?

Regards,
Raju

[AccountantMatthew]

However you want to structure your withdrawals to potentially save tax is between you and your accountant but as far as showing dividends as income for UKBA purposes there is no problem. From how you've described it you would be active in the day to day management of the company.

[rkomaturi2382]

Thanks Mathew,What type of evidence i have to show in day by day activity.

[rkomaturi2382]

Any suggestions friends.

[AccountantMatthew]

As far as the guidance goes, I don't think there is anything prescribed - although I am an accountant and not a visa advisor so this is not my area.

From the point of view of proving anything though you can always consult UKBA directly.

Accountants will confirm that you take an active day to day role by reference to the Company's incorporation documents and Annual Returns as well as noting invoice details and asking you the question - this is then confirmed in the accountant's letter.

Should you wish to take a different route then I'm sure there are alternatives (e.g. providing such documents mentioned above).

However I reassert that I'm no UKBA case worker or visa agent so either someone who is better qualified in this area will help - or just call UKBA.