Greetings Helpful people,
Submitted yesterday and had a sleepless night worrying.
Looking for reassurance/advice regarding my first time filing on the web portal.
Filing for my own micro-entity ltd co, small figures, no complex factors.
AP is 11/02/2015 - 29/02/16 these figures submitted to CH
HMRC however separated into;
11/02/2015-11/02/2015
12/02/2015-11/02/2016
12/02/2016-28/02/2016
HMRC only took the TO figure from the CH data and during the first submission quoted the 384 day amount rather than the 383 day. I apportioned the expenses and bank interests for 383 days regardless and on commencing the 3rd submission the final TO figure (populated automatically) reduced to reflect 383 days in all. So totals less one day (0.26%) balance with the CH submission. Well actually Tax owed is down 60p.
Is that normal behaviour and will a later submission of day 384 (29/02/2016) be any smoother?
The other matter causing angst was that I listed my gross expenses (including Director Remuneration) as CP37 Small misc. expenses, to expatiate the triplicate filing process. My thinking was no such detail is requested on the CT600 and what’s the point of joint filing if you have to put all the data in manually every time.
Can I rest easy knowing ‘Care was taken’ and I only swindled Her Majesty of 60p, or do I need to make suitable amendments?
Many Thanks, Mark
Submitted yesterday and had a sleepless night worrying.
Looking for reassurance/advice regarding my first time filing on the web portal.
Filing for my own micro-entity ltd co, small figures, no complex factors.
AP is 11/02/2015 - 29/02/16 these figures submitted to CH
HMRC however separated into;
11/02/2015-11/02/2015
12/02/2015-11/02/2016
12/02/2016-28/02/2016
HMRC only took the TO figure from the CH data and during the first submission quoted the 384 day amount rather than the 383 day. I apportioned the expenses and bank interests for 383 days regardless and on commencing the 3rd submission the final TO figure (populated automatically) reduced to reflect 383 days in all. So totals less one day (0.26%) balance with the CH submission. Well actually Tax owed is down 60p.
Is that normal behaviour and will a later submission of day 384 (29/02/2016) be any smoother?
The other matter causing angst was that I listed my gross expenses (including Director Remuneration) as CP37 Small misc. expenses, to expatiate the triplicate filing process. My thinking was no such detail is requested on the CT600 and what’s the point of joint filing if you have to put all the data in manually every time.
Can I rest easy knowing ‘Care was taken’ and I only swindled Her Majesty of 60p, or do I need to make suitable amendments?
Many Thanks, Mark
