Really? Interesting....can you point me to the actual guidance that says this please? Many thanks....
Ok but if I record £1m in box 6 for example all outside the scope aren't HMRC going to 'assume' I need to be in MTD, or will they realise not if they also see Nil in box 1? Or do I just correctly opt myself out of MTD and HMRC take that as gospel until they decide to look more closely.
Example 2....there has often been debate about whether outside the scope are included in Box 6 or not.....you seem to imply not, but what do others think? Might also be different if on the FRS......
Probably a form of employment cost
Another thought on this is there are now websites (e.g. Zeek) where you can sell gift cards and such like for less than face value for cash which I assume has escaped the notice of HMRC (for now).
Hi, why is this the case? If the director goes to the petrol station, spends £50 on fuel via a company credit card, and keeps the receipt....surely this could qualify, couldn't it? There was never any cash element involved here.....
Will never happen...the end
I think the rules essentially apply to sole traders and partnerships too don't they? A few sole traders I know with balance sheets have unamortised goodwill but does it really matter given there are usually no tax issues.....in other words does anyone care, sole traders are not subject to any external review or regulation so what does it matter?
So if the deferred tax is not material, but you still need to get rid of it, is this possible by some other means rather than re-stating the comparatives?