£24.54 back due to CT being paid early, just now need to work out how to bring this back into the books, last years £6 cheque is still uncashed as I couldn't work out how to do it last year either!
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Happy Christmas from HMRC
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Happy Christmas from HMRC
Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
Depends how you do your accounts, but basically enter it as a miscellaneous income item.
Technically it's taxable but not vatable.
Some people would enter it as negative corporation tax. That has a simplicity about it, but you would underpay CT next year by £4.90 or so. Personally I wouldn't worry. -
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Not sure what's complicated about this - it's just interest income, like any other. I suppose it's a PITA that they post a cheque, but I can't see anything complicated about handling interest income.Comment
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Originally posted by jamesbrown View PostNot sure what's complicated about this - it's just interest income, like any other. I suppose it's a PITA that they post a cheque, but I can't see anything complicated about handling interest income.
Also, it is accounted for in the company year that it is received (IANAA) so yes, it goes above the line and contributes to your profit (or decreases your loss) for the year in which it was received.Comment
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