Accounts and tax returns

Accounts and tax returns

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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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By User deleted
28th Nov 2007 12:39

No
There is no requirement to send accounts.

Re the comment about investigations, I don't know.

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By sallyann45
28th Nov 2007 14:32

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.

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By User deleted
29th Nov 2007 12:23

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.

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By User deleted
29th Nov 2007 15:33

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.

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By skylarking
29th Nov 2007 16:14

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.

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By User deleted
30th Nov 2007 09:08

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.

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By superrupert
30th Nov 2007 13:08

Don't bother...
...HMRC throw them away as there is no way that they can be processed on to the system.

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By User deleted
30th Nov 2007 17:22

You might find this article of interest
Submitting accounts to the taxman

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