Just about to hit my 10 year anniversary of doing my own books and I've finally made a mistake with my VAT returns, I reckon the value of my cock up is about £7k which is above the reporting threshold to self correct on the next return.
I have emailed HMRC so will see what happens when they get back to me, from what I have read the penalty is up to 30% so possibly another £2k + interest if I plan for the worse and hope for the best.
I have emailed HMRC so will see what happens when they get back to me, from what I have read the penalty is up to 30% so possibly another £2k + interest if I plan for the worse and hope for the best.
Comment