I am pulling my hair out at this moment, where to start some brief facts: rent portfolio,
All figures submitted to HMRC at this stage both Accountant and I have trolled thought figures several times, figures correct.
HMRC state an under declaring of figures. First figure was just under £400 k
After a considerable amount of investigating on our behalf one figure supplied by HMRC was 2 decimal points incorrect.
HMRC stated the figure supplied ay an agent was £308,718.00 SHOULD have read £3,087.18 (figure from memory for purpose of forum)
We are now down to less then £100k after probing HMRC further the figure has come down again, we are stuck at a point where HMRC are stating that an agent has filed a return of a property claiming over £22k has been received. This figure is over and above what we have filed in our returns, therefor this figure is clearly a mistake of some kind, as we have already declared the rental income, therefor to add this figure in you would of needed to rent the property TWICE full 52 weeks of the year and above what you have already been receiving!.
Have contacted the agent whom has stated that their a/c's are in achieve. Will obviously e-mail them with full details and pleading for any help get to the bottom of these in-correct figures.
My question is, what should I do ?? I keep telling my accountant to send off our full spreadsheet which shows all rents etc but he keeps wanting to receive the above figures from HMRC which are wrong and then we go round looking for figures that don't exist.
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