No Dividends paid to 2nd share holder-company dissolved now

[ISingh]

Question is, if you had paid dividends properly will you have got enough points for your visa? I would doubt this so you have used a waiver to manipulate your company and gain advantage. This will stand out like a sore thumb when HMRC come sniffing and if they find this I would hope they would rectify it so causing a problem with your application.

Hi northernladuk,
You have raised a very good point here.

I would actually have earned enough points even without taking these dividend vouchers in my previous visa application. I just showed these dividends in my application because I had to show earnings for the last 12 months prior to my visa application and these dividends I earned for 2 of those 12 months only.

I needed only around £21000 Per Annum income to earn enough points to get the visa. But my total was around £31000 Per annum when I applied for visa and got it.
Out of this 31000, around £6000 were the dividends I took. Rest of the money I claimed points for, came from the permanent job I did prior to working for my own Limited company.

Therefore even if I wouldn't have taken the dividends I would have had £25000 Per Annum. And still qualify for the extension.
So in any way the dividends I took did not give me advantage in claiming points to be elligible for my last Visa Extension.

What do you think should I leave everything as it is now and forget about it and just prepare my next extension application nicely or should I get the dividends waiver signed n all....?

Many Thanks
ISIngh

[Podgy]

Hi northernladuk,
You have raised a very good point here.

I would actually have earned enough points even without taking these dividend vouchers in my previous visa application. I just showed these dividends in my application because I had to show earnings for the last 12 months prior to my visa application and these dividends I earned for 2 of those 12 months only.

I needed only around £21000 Per Annum income to earn enough points to get the visa. But my total was around £31000 Per annum when I applied for visa and got it.
Out of this 31000, around £6000 were the dividends I took. Rest of the money I claimed points for, came from the permanent job I did prior to working for my own Limited company.

Therefore even if I wouldn't have taken the dividends I would have had £25000 Per Annum. And still qualify for the extension.
So in any way the dividends I took did not give me advantage in claiming points to be elligible for my last Visa Extension.

What do you think should I leave everything as it is now and forget about it and just prepare my next extension application nicely or should I get the dividends waiver signed n all....?

Many Thanks
ISIngh

Having just been through the UKBA procedure for my spouse all you need to show is that you have enough income / employment to support your application (we had to supply a years worth 6months at the start of the application & again 6 months later just before permits issued) - they are not interested in the detail of how you run your company - I'd do the waiver just to tie up loose ends & file away.

NorthernGrumpy makes everything sound so serious - when it is'nt! Just get your paperwork done & good luck - you have nothing to worry about.

[ISingh]

Thanks for the response Podgy.

[northernladuk]

NorthernGrumpy makes everything sound so serious - when it is'nt! Just get your paperwork done & good luck - you have nothing to worry about.

<grumble, moan>