To my esteemed fellow members in practice I'm looking for your views on whether to attach the P&L to a sole traders Tax return?
Up to now I haven't and (touching wood) not had any enquiries opened. But I have heard others saying it gives you credibility - do HMRC even have time to look at them with 9,248,160 returns filed in 2010-2011???
So: (a) attach everything I've got as .pdf because.....
or: (b) attach nothing unless they ask for it, and then only if I have to.
Dont attach anything. The HMRC don't even look at anything even entered into the notes on the returns. (Its actually because their screens don't include the notes page, so they are unlike to be even aware there may be anything attached).
In the last 10 years I have had one enquiry, and all the questions did not even refer to my clients tax return - but someone elses!
Wow, I remember being shocked when they began an Enquiry without looking at the white space. Exactly the information being sought had been entered in there. Not much changes then - this was well over ten years ago.
Funnily enough I've started attaching .pdf scans of state pension letters. I would have hoped there was some sort of 'flag' that told them there was an attachment.
