**** - that reminds me that I haven't paid the HMRC PAYE for about 4 months. Not got any reminders yet.
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Tax Investigations....
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Atw's right, that £1k for a tiny mistake is crap. What they DO DO is slap in big estimates of tax due without attempting to quantify it properly and leave it to you to disprove it.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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Originally posted by xoggothWhat they DO DO is slap in big estimates of tax due without attempting to quantify it properly and leave it to you to disprove it.Comment
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I believe they can inspect your personal accounts if they are linked to your business accounts - eg. if you have paid for business expenditure (not expenses necessarily) with your personal account/credit card and been reimbursed by your company through the Directors Loan Account. I don't think salary and divi payments count, but just where the original business transaction was done with your personal account.It's my opinion and I'm entitled to it. www.areyoupopular.mobiComment
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Yeh, provided you can show what the real figure is you should be ok. In my case when I might have owed them a k on expenses they just added up the entire expenses in the accounts including all the valid stuff and van costs which I had already paid tax on as a BIK. I challenged it and ended up with a small rebate in the end.
Bloke next door to me was stupid enough (he is VERY stupid) to casually remark that he might have paid some money for logs into his personal account and not put it in the books. He got assessed for thousands. Cost him a a bit to disprove it as he had not kept personal bank statements and had to pay for about three year's worth.
And don't believe accountants if they tell you you have no choice but to pay up. Ignoring them and challenging things has certainly paid me in the past.
PS They cannot demand to see personal accounts without making a separate applicationbloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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Originally posted by xoggothCost him a a bit to disprove it as he had not kept personal bank statements and had to pay for about three year's worth.Comment
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Yeah, presumably he had to pay the bank for copies.It's my opinion and I'm entitled to it. www.areyoupopular.mobiComment
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The whole bank account history on-line ? Great for identity theft !!
If I ever mention I'm getting an on-line bank account, just give me a slap !It's my opinion and I'm entitled to it. www.areyoupopular.mobiComment
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Originally posted by oraclesmithThe whole bank account history on-line ? Great for identity theft !!Comment
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