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Post Info TOPIC: ***DO U HAVE TO INCLUDE ACCOUNT ADJUSTMENTS OR GOOD WILL GESTURES ON SELF ASSESSMENT?
tomek1


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***DO U HAVE TO INCLUDE ACCOUNT ADJUSTMENTS OR GOOD WILL GESTURES ON SELF ASSESSMENT?
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***DO U HAVE TO INCLUDE ACCOUNT ADJUSTMENTS OR GOOD WILL GESTURES ON SELF ASSESSMENT?
Hello
My bank paid me onto my account a few times money called account adjustment as a result of being nice to me after complaints, the other time other bank send me a cheque of good will  to stay with them.
Now  can someone explain me, if had the same situation or whats the 100% correct way to do, do I have to include acc adjustment and cheques from good will on my self assessment and pay tax  on them?  if yes, then what position an dhow to included?
it does not make any sense to me as it's a sort of recompensation or intensives, not earned interests, butI have found that apparently you need to include SOME account adjustment

would be grateful if someone explains me that if had similar experience   thanks



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Cheshire


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Hi
This is a forum for bookkeepers and accountants to exchange information, not for members of the public.


If you wish to ensure that your self assessment is 100% correct I would recommend you employ the services of an Accountant.

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 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
Cheshire


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Out of interest why the '***' approach? Why the capitalisation? Its a bit shouty for absolutely no reason.

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 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
Leger


Master Book-keeper

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Cheshire wrote:

Out of interest why the '***' approach? Why the capitalisation? Its a bit shouty for absolutely no reason.

 It worked though didn't it biggrinbiggrin

He may get the answer here

https://www.ukbusinessforums.co.uk/threads/do-u-have-to-include-account-adjustments-or-good-will-gestures-on-self-assessment.401590/

It's ******* shouty there as well biggrin



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Cheshire


Master Book-keeper

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Not really! Well not quite in the way she thought it would.

Bet there is a ton of stuff wrong with the SE anyway!

Blithering time wasters - on here as well https://www.taxationweb.co.uk/forum/do-u-have-to-include-account-adjustments-or-good-will-gestures-on-self-assessment-t55972.html


I didnt know Scalloway was retired!



-- Edited by Cheshire on Tuesday 29th of October 2019 04:52:36 PM

__________________

 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
Leger


Master Book-keeper

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Cheshire wrote:

I didnt know Scalloway was retired!

 I think it's only in the last year or two.  I only started noticing the retired bit a few months ago, when I returned to the forum after an absence of 2 years or so.

 

 



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
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