Results 1 to 12 of 12

Thread: Q about 18.600 £

  1. #1
    Newbie (Restricted Access)
    Join Date
    Sep 2012
    Posts
    4
    Rep Power
    0

    Q about 18.600 £

    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


  2. #2
    Banned
    Join Date
    Jul 2011
    Location
    G.B. (IOM)
    Posts
    8,776
    Rep Power
    0
    Hello

    Gross before tax. At least that is what it is for the employed.


  3. #3
    Respected Member andy222's Avatar
    Join Date
    Sep 2011
    Location
    West Midlands and Butuan
    Posts
    6,440
    Rep Power
    150
    Calm down Mr P. Rhodes is not on here.


  4. #4
    Banned
    Join Date
    Jul 2011
    Location
    G.B. (IOM)
    Posts
    8,776
    Rep Power
    0
    Quote Originally Posted by andy222 View Post
    Calm down Mr P. Rhodes is not on here.
    Make your itemised list out in that sized font, Andy!


  5. #5
    Moderator joebloggs's Avatar
    Join Date
    Oct 2006
    Location
    Somewhere else
    Posts
    23,162
    Rep Power
    150
    Quote Originally Posted by andy222 View Post
    Calm down Mr P. Rhodes is not on here.
    neither is Mr Magoo

    http://www.filipinouk.com/forum/image.php?type=sigpic&userid=870&dateline=1270312908


  6. #6
    Respected Member andy222's Avatar
    Join Date
    Sep 2011
    Location
    West Midlands and Butuan
    Posts
    6,440
    Rep Power
    150


  7. #7
    Newbie (Restricted Access)
    Join Date
    Sep 2012
    Posts
    4
    Rep Power
    0

    18.600£

    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


  8. #8
    Respected Member bigmarco's Avatar
    Join Date
    Oct 2011
    Location
    SW London
    Posts
    4,053
    Rep Power
    150
    Before Tax


  9. #9
    Moderator Arthur Little's Avatar
    Join Date
    Oct 2008
    Location
    City of Perth, Scotland
    Posts
    24,230
    Rep Power
    150
    Quote Originally Posted by nahaid View Post
    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
    ... "calm down, dear" ... to utilise the (now infamous) plea exhorted by our esteemed Prime Minister ... £18,600 GROSS income IS the [nominal] amount your husband, as sponsor, needs to earn BEFORE it is taxed.


  10. #10
    Newbie (Restricted Access)
    Join Date
    Sep 2012
    Posts
    4
    Rep Power
    0
    Is income fares and tips received = income before tax taken off ??????


  11. #11
    Trusted Member
    Join Date
    Jul 2005
    Location
    Pangasinan
    Posts
    25,628
    Rep Power
    150
    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.


  12. #12
    Moderator
    Join Date
    Aug 2010
    Location
    Marikina City
    Posts
    26,786
    Rep Power
    150
    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.


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Filipino Forum : Philippine Forum