The modern world is incredibly complex and is getting more so as technology takes over portions of our lives. But just as technology has opened up new opportunities, so it’s made it easier for HMRC to get a handle on how taxpayers are managing their affairs. The tax body frequently finds errors and Adam Bernstein spoke to Helen Thornley, a technical officer at the ATT, for her view on where mistakes are frequently being made and what taxpayers need to do to stay out of harm’s way.
Keeping records
In a recent tribunal case, Sean Convery, a haulier and vehicle repairer, failed to keep records of business sales for a number of years. HMRC raised an assessment of the lost VAT amounting to over £46,000 based on only two invoices which was the only information available to it in the period. When the taxpayer challenged this assessment, the tribunal upheld the assessment as the judge considered that HMRC had made a reasonable estimate on the limited evidence available.
For Helen Thornley, records are everything and she advises the self-employed to “keep records separately from personal records in the event of an enquiry.” The same applies to companies which, as Helen explains, “should have their own bank account and records as they are a separate legal entity to shareholders and directors.”
この記事は Truck & Driver の Christmas 2020 版に掲載されています。
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この記事は Truck & Driver の Christmas 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Well forked Daf
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Time Machine 2015-2019
It’s the final part of our series on the history of UK haulage. Let’s look back at those innocent times before that pesky virus turned up
Original and best
There are few trucks which have been customised to the level of the Scania 143, but let’s not forget that the standard product was pretty awesome just as it left the factory, like this rare 420
GOING ALL THE WAY
Simon Rogers got behind the wheel as soon as he was able to, and nearly 30 years later, his company is going from strength to strength, with a striking all-black, top-spec Iveco S-Way 570 the latest addition to the fleet
Abnormal loads
In the distant past, when dinosaurs roamed the planet, truck drivers were a very different breed, made from sterner stuff than us mere mortals
Range change
After a gap of 13 years, Renault trucks have reappeared in the unique colours of MacRitchie Highland Distribution. T&D takes the high road to Inverness to meet owners, Donald and Catriona MacRitchie
Cutting a dash
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Air we go!
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A Cutt Above
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