Does the error correction need to be done formally on a form 652 or is it sufficient if under £10000 to adjust next return?
By simply reducing box 1 by the accumulated 2.5% differences - this will have the figures out of alignment with box 6 and thus could trigger an unnecessary enquiry
Whilst it is difficult to structure courses to suit everyone - the main bug bear I have is that on average 25% is useful, 25% is interesting and 50% is obscure and has little relevance to 99% of the attendees. If lecturers prefaced their remarks by asking - how many attendees are interested or involved with topic X - then they could reconsider whether to merely advise that there was an issue to consider and swiftly move on - or to give the topic more detailed attention. At this point I have to say that being a practitioner herself, Rebecca Bennyworth rarely falls foul of the above - so when I see her lecturing - I book.
Will there need to be an adjustment for stock in hand as presently. Otherwise I see large purchases towards the end of the accounting period to reduce tax bills. Older readers will remember the stock relief debacle.
We use PTP P11D software - but when for example you have a new company where there are no entries - you cannot sublit a NIL P11D B return on line as HMRC will not accept this.
My answers
The Way Forward
I have several clients in a similar situation.
Does the error correction need to be done formally on a form 652 or is it sufficient if under £10000 to adjust next return?
By simply reducing box 1 by the accumulated 2.5% differences - this will have the figures out of alignment with box 6 and thus could trigger an unnecessary enquiry
Obscure Points
Whilst it is difficult to structure courses to suit everyone - the main bug bear I have is that on average 25% is useful, 25% is interesting and 50% is obscure and has little relevance to 99% of the attendees. If lecturers prefaced their remarks by asking - how many attendees are interested or involved with topic X - then they could reconsider whether to merely advise that there was an issue to consider and swiftly move on - or to give the topic more detailed attention. At this point I have to say that being a practitioner herself, Rebecca Bennyworth rarely falls foul of the above - so when I see her lecturing - I book.
Stock at the End of the Accounting Period
Will there need to be an adjustment for stock in hand as presently. Otherwise I see large purchases towards the end of the accounting period to reduce tax bills. Older readers will remember the stock relief debacle.
P11D B
We use PTP P11D software - but when for example you have a new company where there are no entries - you cannot sublit a NIL P11D B return on line as HMRC will not accept this.
Any comments!