I see what you did there. Naughty.
Document the facts, send the email to the MD, spelling it out. You do need a trail to cover yourself so that the MD can be seen to be the instigator of this, not you.
This is the route I'm going down.
Yes, he obviously never had to work out whether overtime was an overhead or a direct cost ... same principle.
In my experience, HMRC pretty quickly picks up if there's an omission where SL repayments should have been included in the return.
Ooooh - bottoms!
You're all limiting your repertoire to the Anglo-Saxon oeuvre. Try branching out.
Thanks. And do you agree that there is no chargeable gain on the rest of the gain?
Yes, I eventually learned years ago to listen to my instinct about a prospect rather than my "rational" side.