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Penalties in Company P&L

Posted by ableaccountancy PM | on Thu, 04/08/2011 - 11:39  3499  7 comments | report

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 | Thu, 04/08/2011 - 12:02
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I am intrigued

Chris Smail | Thu, 04/08/2011 - 12:30
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Interest re late payment of tax

CEL | Thu, 04/08/2011 - 13:54

"if it relates to PAYE/NIC

petersaxton | Thu, 04/08/2011 - 14:04
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So how come

Old Greying Accountant | Thu, 04/08/2011 - 15:42
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Claim all interest?

petersaxton | Thu, 04/08/2011 - 16:16
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It is not allowed by law

CEL | Thu, 04/08/2011 - 17:26