Capital assets not included in accounts for last year

Capital assets

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I have a client for whom I have completed the personal tax return for. They have just got in touch to say there are some receipts relating to that period which they have only jut found and haven't been included in the accounts for last year. A couple of them relate to capital assets. Can they be included in the next tax return in any way so they can still receive the written down allowances for the items?

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Scalloway Castle
By scalloway
25th Aug 2016 19:33

I take it this return was for a sole trader.

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By pacta
25th Aug 2016 20:08

Have you thought about amending the prior year? Think about AIA...

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By johngroganjga
25th Aug 2016 21:05

I take it you mean payments not receipts, and that you did not take the trouble to use double entry to prepare the figures. On the latter point, perhaps a lesson for next time.

On the former point, if it makes a material difference to the figures correct the return and re-submit it.

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