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Enquiry Questions

Enquiry Questions

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Firstly, the enquiry is in relation to the tax year ended 5th April 2004. Current work on this enquiry case is to be charged to the client which we wish to offset against the tax year 2003/2004. The Inspector has disagreed. Is this correct?

Secondly, the Inspector has stated that PIES can not be claimed by self employed individuals. Is this correct? Is there an ESC that applies to this?

Thank you.
Sarah Lawson

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By Dave Collier
20th Jul 2006 14:37

Are you certain?
My understanding is that if there is no adjustment to a client's assessment as a result of an enquiry you CAN deduct all fees. Can someone else confirm please. I have however always deducted in year in which invoiced by ourselves.

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By vowlesj
20th Jul 2006 13:17

enquiry costs are not tax-deductible
Sorry, the inspector is correct. The costs of defending your client from a tax investigation are not tax deductible.

However, if you have to do any additional accounts preparation work and invoice that as a separate item from the investigation ... Obviously you have to be able to justify the split so keep good time records!

Incidentally - sell em all some fee protection cover!

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By sarahlawson01
20th Jul 2006 20:44

Thank you ever so much for your time. The website reference was particularly helpful.

Any ideas on the 'personal incidental expenses'?

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By IanRiley
20th Jul 2006 14:52
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