self employed financial requirements
Oct 19th 2016, 6:58 pm
#1
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self employed financial requirements
my declared net profit for last financial year was 19,200
but only paid in 18,000 to my bank account in that financial year (april15/april16
will visa be refused because its not over 18,600 being paid into my account when eco looks at bank statements? even though i made and declared and paying tax on 19,200 net ?
but only paid in 18,000 to my bank account in that financial year (april15/april16
will visa be refused because its not over 18,600 being paid into my account when eco looks at bank statements? even though i made and declared and paying tax on 19,200 net ?
Last edited by mradp; Oct 19th 2016 at 7:00 pm.
Oct 19th 2016, 8:56 pm
#2
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Joined: Oct 2016
Posts: 5
Re: self employed financial requirements
Self-employed income can be cash-in-hand if the correct tax is paid. In line with paragraph 3.1.5 of this guidance, it would generally be expected that the person’s business or personal bank statements would fully reflect all gross (pre-tax) cash income. Flexibility may only be applied where the decision-maker is satisfied that the cash income relied upon is fully evidenced by the relevant tax return(s) and the accounts information.
just found this on gov website, does this apply to me ?
just found this on gov website, does this apply to me ?
