Estimated expenses

Estimated expenses

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What is the revenue view on estimated expenses these days - what be interested in views of any recent experiences? thanks

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By Vaughan Blake
02nd Dec 2011 18:44

The Same As Ever!

No change, they hate them.  Estimates = inadequate recording keeping in HMRC eyes (and mine as well!).  HMRC can then readily argue that they have "broken the records" and start their own estimates of takings and extra tax and penalties!

Inadequate recording keeping may well become an issue in its own right with the new in year control visits. 

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