When I was employed, we always provided a copy of the accounts with the tax return when submitted to HMRC.
Is this a statutory requirement or do the boxes on the self-employment pages give enough detail for HMRC?
Does the lack of a higher detialed P & L promote investigations?
I only ask because I submitted two tax returns 5 months ago (forgetting to attach the accounts) but have had no comment from the revenue regarding this.
Leeroy
Replies (8)
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No
There is no requirement to send accounts.
Re the comment about investigations, I don't know.
No but
No you don't need to send in accounts but we still do! We don't seem to be able to reach a consensus to stop doing this lol.
Does the additional information enable queries to be satisfied without opening an enquiry? Maybe it does.
Data Processors
I wouldn't be suprised if tax return processors down at HMRC simply disgarded anything that didn't fit into a numbered box.
I don't
I have been filing electronically for the last few years for SA. I can't add attachments and haven't been sending accounts separately. I have not had any problems.
Am I alone?
I stopped sending accounts when self-assessment came in. I have never had a request for a more detailed set (than shown by the SATR supplementary pages) from the Revenue.
accounts
I have been told they throw any accounts out. Surely the return is designed that way so that we have to enter the accounts onto it, so sending accounts kind of defeats the object of the tax return.
Don't bother...
...HMRC throw them away as there is no way that they can be processed on to the system.