Lons":3axp4cie said:
There is advice out there for small businesses not to complete returns on line, probably doesn't affect you Steve if t/o is only £1300 pa.
Apparently it's automatically fed into software which analyses and compares against similar businesses leading to often unnecessary enquiries if yours doesn't "fit the model" :roll: It doesn't happen so often if paper due to procedures and work load.
You don't have to have done anything wrong to be subjected to a heavy handed approach it seems.
The only downside to submitting in paper form is they've brought the date for submission forward to October instead of January.
There's nowt wrong with my tax returns btw, it's just info I was given by a reliable source!
B ob
I have heard this as well, but from what I was told it tends to be the market traders and the like who hand a lot of cash that get flagged up more often than not.
I use an accountant to file my return, it costs money, but I think that because he puts through the little things and gets my capital allowances right, the money he saves me in tax and the time he saves me having to figure out what I can claim and what I can't claim it is worth doing.
Also he can argue with HMRC if there is a query.
Which means I can get on with what I am meant to be doing.
I have not always done this but find that it makes life easier.
I do my own VAT ( sorry the Mrs does it ).
I noticed this morning that they are really starting to look at Ebay a lot harder than in the past, and I suspect a lot of people are in for a shock.
The other thing that people don't realise is that you have to prove you have not done anything wrong, and not the HMRC proving you have.
Tom
