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Where Taxpayers and Advisers Meet

Search found 15 matches

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by classicmechanic
Wed Apr 25, 2018 5:17 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

Well folks.. finally an update, after me telling HMRC they can't possibly account for the same transaction in 2 years, and that I will not accept them moving it from one year to another to make it look like I made an error, it all went quiet for a bit apart from them requesting all my personal bank ...
by classicmechanic
Tue Mar 20, 2018 12:17 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

900 out of trading turnover of a about 34k (profit 4K)
but i did get my rental figures wrong for that period (14/15 tax year) by £2500
by classicmechanic
Fri Mar 16, 2018 8:19 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

There was a second payment in July , a remaining £100 for this vehicle ontop of the 2400 paid in June. The receipt was done in July and has both payments on it. They have asked for the receipt so today I emailed a photo of it, and a screenshot of the £100 payment being paid via paypal. Hopefully tha...
by classicmechanic
Tue Mar 13, 2018 12:03 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

the 2400 was a payment for a vehicle sold (to overseas customer paid by bank) June 2014 but the sale was counted in my July 2014 accounts as thats when he came to collect it. My trading tax year runs July to June. Since it is now 2018, are they allowed to even ask for my bank statments for year endi...
by classicmechanic
Mon Mar 12, 2018 5:04 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

Hi all Just a mini update They have written back and are a: trying to apply a £2400 payment to my accounts that i have already explained to them is accounted for in the subsequent year's accounts. (which would mean they are trying to count it twice which is ridiculous ) - i will tell them again they...
by classicmechanic
Wed Dec 20, 2017 5:04 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

Thanks again all. This just in.. 'Dear Mr _______ I acknowledge your appeal dated 19 December 2017. I note the content of your appeal and your advice that you have sent documents. I will await the documents and given the upcoming festive period I will be unable to review matters until the New Year. ...
by classicmechanic
Wed Dec 20, 2017 5:00 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

I have calculated and submitted accurate figures to them by snailmail and copied via email. I have enclosed tables etc for them and also for example a photo of my Dads bank statement from 2014 showing a gift of £500 leaving his account and arriving in my account same day. (One of the payments they w...
by classicmechanic
Thu Dec 14, 2017 4:12 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

interesting. Well there's a saving right there! :D

Their guestimate for extra rental income then drops from £27,100
to £19,500 but it's actually only £11,350 looking at the actual figures . I shall be sending this to them.

On with the rest of the work..
by classicmechanic
Thu Dec 14, 2017 6:19 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

Thankyou again you lovely people. Well.. here's email excerpt from today.. Me: 'you are extrapolating figures as far back as tax year end 2010, please quote the rules to me as I am led to believe by a consultant that you can only go back up to 6 years. Would my 2008-2009 trading figures (for Tax ret...
by classicmechanic
Tue Dec 12, 2017 3:51 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 14686

Re: Help! Sole trader HMRC investigation

THankyou again How many years are they allowed to go back? I have not filed my year end April 2017 tax return yet, so the last one they have is 2016. This was actually submitted on 1st Feb 2017 as I missed the 31st due to a friend (whom my paperwork was with) winding up in hospital unexpectedly. (Th...

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