Penalties in Company P&L

Hi, how would you treat late filing & interest penalties in company accounts,ie would you put in P&L and add back in tax comp.

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Yes and no

petersaxton |
petersaxton's picture

I am intrigued

Chris Smail |
Chris Smail's picture

Interest re late payment of tax

CEL |

"if it relates to PAYE/NIC

petersaxton |
petersaxton's picture

So how come

Old Greying Accountant |
Old Greying Accountant's picture

Claim all interest?

petersaxton |
petersaxton's picture

It is not allowed by law

CEL |