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Tier 1 Extension - earnings for Ltd Company contractors

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

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quizzer
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Tier 1 Extension - earnings for Ltd Company contractors

Post by quizzer » Wed Nov 21, 2012 12:17 am

For Ltd Company contractors in the 12 mth period if there is contracting gap for > 1mth then:

- will UKBA consider the dividend & salary for the gap period* for Tier 1 extension (as there will not be any end client invoice raised)?

*(Eg: Ltd. Company contractors withdraw reduced dividends & salary from the profits of the ltd. company during employment gap until new contract job is secured)

- In this scenario will the CW consider the earnings as relevant for claiming points though there is no end client invoice raised?

tier1_aspirant123
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Post by tier1_aspirant123 » Wed Nov 21, 2012 11:04 am

i had similar case as yours and got an extension successfully. i had a contract for period of apr 11 to sep 11. when i applied for extension i used earnings period of apr 11 to mar 12. so the last invoice that i had issued was in oct 11 for sep 11. although there were no invoices in last 6 months but i was paying myself monthly salary and periodic dividend as per my accountants instructions. also for my extension i used this as my only source of earning.
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quizzer
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Tier 1 Extension - earnings for Ltd Company contractors

Post by quizzer » Wed Nov 21, 2012 11:17 am

Thanks For the update... However one more query

1. Did the CW check your end client invoice?
(as there are two sets of invoices to be submitted
i. end client invoice
ii.salary (paid to self) invoice from accountant )

tier1_aspirant123
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Posts: 148
Joined: Tue May 18, 2010 7:41 pm
Location: london

Post by tier1_aspirant123 » Sat Nov 24, 2012 8:31 am

i am not sure of that as i had made postal application. but i had submitted photocopy of the invoices and original salary slip (generated by accountant)
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