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Post Info TOPIC: Corporation Tax difference
BazzaS


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Posts: 16
Date:
Corporation Tax difference
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I am a bookkeeper for a small limited company. Last year we calculated and provided for £11,616.67 for corporation tax.

The payment advice from HMRC was for £11,616.60 - some 7p short - but confirmed that this was the amount they want. The amount as advised by HMRC has been paid to them.

This leaves me 7p adrift in the accounts.

I know it's a piddling amount but I am at a loss as to how to treat this difference can anyone advise me please.

Thanks



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Cheshire


Master Book-keeper

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Posts: 8646
Date:
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Hi Barry
I would be tempted to double check the online account position to be sure and if its not showing 7p as outstanding I would say given the piddling amount - just dump it to a sundry account.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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