My client has a turnover of around 40,000 with expenses (purchases, motor expenses, use of home etc) of around 24,000.
Can we produce short accounts on his SATR and if so what is the minimum information that should be included? Do we need HMRC permission to do short accounts or is it avalable to all tax payers below the VAT thresh-hold?
Do people feel less information on a SATR is generally better than providing details of all the different expense categories in terms of increasing or decreasing the likelihood of queries from HMRC.
There are a couple of largish expense items which in my view are okay and I would be comfortable trying to argue with HMRC that they were reasonable (if challenged) but just wondered if one was less likely to arouse HMRC interest by providing less rather than more information on the SATR.