Error in past Corporate tax return

Error in past Corporate tax return

Didn't find your answer?

Despite my instructions, my accountant has not inputted as cost the salary I paid myself as Director for the FY ended in July 2013.

  1. Is there any way to "fix" this?
  2. Would the accountant be liable for the monetary damage caused?

Thanks in advance

Gilberto

Replies (6)

Please login or register to join the discussion.

Chris M
By mr. mischief
09th Oct 2014 07:08

mmmm

First we need to know the reasons.  If the reason is that you had paid a salary above the Lower Earnings Limit but not submitted a P60 with this "salary" on it, then the accountant has treated the matter correctly in my view.

There may be other reasons why this has been omitted.  However, any salary which has duly gone through payroll on a P60 should be in the accounts and there is time still to fix this by a corporation tax re-submission.  Hence no monetary damage.

Thanks (0)
By johngroganjga
09th Oct 2014 07:33

But how have the payments to you been treated in the accounts, if not as salary?

And, above all, what does your accountant say about the alleged mis-classification in the accounts?

Finally, focus on the accounts. Forget the CT return for now.. The accounts come first, then the CT return follows.

Thanks (0)
Stepurhan
By stepurhan
09th Oct 2014 08:22

Repeat question

This appears a repeat of this question Back then it was suggested you ask your accountant the reason for not including it and report back if that didn't satisfy you. Did you do that? If so, what did they say? If not, then you are leaping straight to proposing legal action without even knowing if you have any sort of justification. If that is the case I think that they really should be looking for a new you.

Thanks (0)
avatar
By Jekyll and Hyde
09th Oct 2014 09:00

reply deleted as quite possible not appropriate
I have now read OP's other questions and consider my original reply is not appropriate for this client. Hence deleted. my response would however relate to 90% of micro conpany clients.

Thanks (0)
avatar
By Gilberto17
25th Oct 2014 00:01

Professional standards and "ownership" of accounting data

Following the advice of asking clarifications on my doubts on accounts to my accountant directly, I went over them with another accountant, so that I would be sure to ask relevant questions. At the meeting, the "new" accountant showed me a copy of "amended" accounts he downloaded from CH that I never saw nor I had a copy of..., also bearing my "signature".

So I asked a detailed list of questions... here is the "main opening":

"As already mentioned, for the Fiscal year 2012-13 [...] I have become aware of inconsistencies which need to be promptly fixed.

On one side I am missing documents, be it VAT and PAYE returns, but also the Tax return documentation present in the share DropBox folder is a "draft".

Also PnL seems to refer to accounts closing 08 Jul 2013 (given the 12 months rule, I assume), while the Balance Sheet to 31 Jul 2013.

I have also been shown "amended BS accounts" from CH that bear my "signature", and that I have never seen or have been given for review and approval before filing.

In any case, for the accounts closing 08 Jul 2013, a series of costs are missing and need to be reinstated."

So I mentioned the list of issues and here is the excerpt of the answer I received:

"[...] I have decided not to carry on being your Agent. Therefore, I have removed my details from HMRC for your company’s PAYE, VAT, Corporation Tax and Self-Assessment.

I have also deleted all the documentation regarding your Ltd, our shared folder on Dropbox and the sage file on my system. With regards to your queries below, as I have no further access to your documents, I am unable to give you precise answers."

Now, while I would like to have an opinion on how this answer ranks in the "professional standards" of the accounting profession, the question not turn to:

"Legal ownership" of the accounting data: my new accountant tells me that the handover of a client involves, normally, a courtesy letter from the new accountant to the old to acquire them, but what are my "rights" in a situation like this where the old accountant says he has deleted them without having ever give me a copy?As my old accountant is refusing to give me explications on accounts he has filed (and for which he has been paid), I feel I need to have another accountant to go over them to exclude any wrongdoing. Is there any legislation under which I can request any "reimbursement" for services unfulfilled/damages?

Thanks in advance, as always, for the contribution

Thanks (0)
By johngroganjga
25th Oct 2014 08:26

These are all questions for your new accountant.

Thanks (0)