Self-Employed Submissions with tax return
On completion of accounts, I get these signed by client, and myself, and send to tax office together with tax calculation and capital allowance schedule. Is this correct or am I giving them to much info. Or should I send tax return only.
I am concerned because I have just acquired a new client whose previous accountant died. I see he is claiming capital allowance for van 100%, and a car 50%, and he is just a decorator. If I just enter the amount on tax return they would not notice. If I send tax calculation as I normally do, they might query this. He is also claiming car insurance, repairs etc @ 50% for the car. My policy is only to make claims for actual expenses incurred if the van is off the road for some reason.
He is also claiming a number of allowances for tools, cleaning and protective clothing.
My overall concern is that he could be investigated by the Revenue, and more so if I send all the attachments as I usually do with his tax return.For the moment I have completed accounts on the same basis as his last accountant, but I have warned him about my concerns.
- Buy Samsung Galaxy Note 5 508 10
- Rental losses on jointly owned property 131 3
- Personal Tax 718 13
- Overpaid In Employers NI - RTI EYU for hundreds of employees 139 2
- Stumped - IHT 104 2
- Leaving the VAT FRS Scheme or trying to stay as long as possible? 405 6
- No PAYE Registration but need auto enrolment 468 11
- Tips on meals 141 1
- HMRC now overriding SA bank repayment details on tax returns 1,280 33
- Credit management tools 116 1
- property capital gains 121 1
- Write an article on latest tax changes for landlords. 771 20
- Incorporate to utilise dividend allowance next year? 380 7
- CGT and primary residence 163 1
- Marriage Allowance 255 3
- Private doctors - Ltd company vs partnership 1,148 12
- S455 and February year ends 314 7
- HMRC having technical difficulties 886 18
- Closing down loss-making company 451 5
- S.455 Tax again 285 3