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UK Earnings, technically can the business be getting money f

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

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mh12
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UK Earnings, technically can the business be getting money f

Post by mh12 » Tue Jul 10, 2012 3:18 am

I have a company in UK and a business and personal bank account in UK. If i am selling services e.g. consultancy services to companies in other parts of the world e.g. Pakistan and then invoicing those companies and they are depositing money in GBP in my UK company business account where i am a director with 100% shares, is this earning qualified as UK earning on which my accountant will prepare tax documents etc.I may not be in UK during that time but the earnings will be deposited in the UK company name in my UK account. I have to apply for first extension of tier 1 and for first extension the stay in UK is not mandatory but later in ILR it becomes an issue I am aware. Please help me address the earnings issue

mh12
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Joined: Tue Jul 10, 2012 3:07 am

Re: UK Earnings, PLEASE HELP SOMEONE!!!!

Post by mh12 » Tue Jul 10, 2012 4:16 am

mh12 wrote:I have a company in UK and a business and personal bank account in UK. If i am selling services e.g. consultancy services to companies in other parts of the world e.g. Pakistan and then invoicing those companies and they are depositing money in GBP in my UK company business account where i am a director with 100% shares, is this earning qualified as UK earning on which my accountant will prepare tax documents etc.I may not be in UK during that time but the earnings will be deposited in the UK company name in my UK account. I have to apply for first extension of tier 1 and for first extension the stay in UK is not mandatory but later in ILR it becomes an issue I am aware. Please help me address the earnings issue

gaurav76.5
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Post by gaurav76.5 » Wed Jul 11, 2012 11:26 am

are you withdrawing any salary or dividend from your company account into your UK personal account..

mh12
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Joined: Tue Jul 10, 2012 3:07 am

Post by mh12 » Wed Jul 11, 2012 6:16 pm

gaurav76.5 wrote:are you withdrawing any salary or dividend from your company account into your UK personal account..
yes I am transferring salary and dividends to my personal account

gaurav76.5
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Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Thu Jul 12, 2012 10:35 am

then that's OK ..you should be fine

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