Situation. A company is unable to account for a £500 bank receipt. Can you write it off to miscellaneous account in the UK. Are there any restrictions from a tax/accounting viewpoint? Thank you
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If the company has recived money it cannot account for you can either post it to miscellaneous income, or a creditor account if you expect to have to repay it.
HMRC will be quite happy for you to pay tax on it.