Hello everybody i'm new in this forum i will apply soon to join my husband in uk he is self employed as sole trader.
my question is : ukba need a gross income before or after tax for self employed ?
Thank in advance
Hello everybody i'm new in this forum i will apply soon to join my husband in uk he is self employed as sole trader.
my question is : ukba need a gross income before or after tax for self employed ?
Thank in advance
Hello
Gross before tax. At least that is what it is for the employed.
Calm down Mr P. Rhodes is not on here.
Hello dears members in the forum,my husband self employed as a
sole trader in UK my question:
UKBA require £18,600 gross salary before tax or after tax ?
thanks for reply
Is income fares and tips received = income before tax taken off ??????
I would have thought that for a self-employed person it will be NET taxable earnings.
Your partner needs to first check with the UKBA and then check with his accountant which documents will be required.
Too important for guessing.
Nahaid,
Here's what UKBA state:-
5.3.6 Category F: self-employment (last financial year)
The applicant’s partner and/or the applicant (if they are in the UK with permission to work) is in self-employment at the point of application and in the last full financial year received self-employment and other income (salaried, specified non-employment and pension) sufficient to meet the financial requirement applicable to the application.
Cash savings cannot be used in combination with Category F.
5.3.7 Category G: self-employment (last two financial years)
The applicant’s partner and/or the applicant (if they are in the UK with permission to work) is in self-employment at the point of application and as an average of the last two full financial years received self-employment and other income (salaried, specified non-employment and pension) sufficient to meet the financial requirement applicable to the application.
Cash savings cannot be used in combination with Category G.
5.4.2 In respect of earnings from self-employment:
- There must be evidence of ongoing self-employment at the date of application.
- In demonstrating the required level of income to meet the financial requirement, earnings from self-employment can be combined with income from another source(s), including salaried employment, for the relevant financial year(s).
- The applicant’s partner (or the applicant where they are in the UK) must be registered as self-employed in the UK.
- Employment can be cash-in-hand if the correct tax is paid.
- Where the self-employed person is a sole trader or is in a partnership or franchise agreement, the income will be the gross taxable profits from their share of the business. Allowances or deductable expenses which are not taxed will not be counted towards income.
- Where the self-employed person has set up their own registered company and is listed as a director of that company, the income that will be assessed will be any salary drawn from the post-tax profits of the company.
Nahaid, your husband should review the UKBA Financial Requirement.
If he has any doubts at all about how to comply with the rules he should utilise the help of his accountant.
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