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Post Info TOPIC: Income tax returns
StuartAnder


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Income tax returns
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Morning, What happens once a income tax return is submitted, is there any further correspondence from Hmrc to say its correct, surely it's not just submitted and forgotten about Thanks Stuart

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kjmcculloch83


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The only other thing you'll hear is if they choose it to check, otherwise thats you done.

Kris

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StuartAnder


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Oh ok, I wasn't sure.. Bit worrying incase something is wrong :(

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FoxAccountancyServices


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LOL.. if something is wrong and they don't check it, just thank your lucky stars!

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Don Tax


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I miss those nice little notes from the Inspector saying he'd "agreed" the accounts.

 

 

 

Edit: miss not missed tut



-- Edited by Don Tax on Thursday 30th of January 2014 04:15:29 PM

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StuartAnder


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Haha.. Haven't done any returns yet, just something that sprung to mind :)

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StuartAnder


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Has anyone had an issue that they have had to explain to the client?

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Don Tax


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StuartAnder wrote:

Haha.. Haven't done any returns yet, just something that sprung to mind :)

Pretty good question Stuart.  It goes right to the heart of what 'Self Assessment' is.

SA was brought in to save money and part of that is you don't know if HMRC are going to Inspect your accounts.   They are 'profiled' against similar results in the same sector and cash-based trades will be more likely to be queried.  Allegedly, some cases are also chosen at random to discover new problem areas.

Here is an article written when SA was introduced. 

http://www.web40571.clarahost.co.uk/archive/saga/2000_and_before/960901.HTM

IMHO far too many none businesses were included; particularly less well off pensioners.

 

Best regards,

 

 

 



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StuartAnder


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Thanks for that don that's quite interesting to read how it used to be done :)

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