Pension Payment: Missed year end deadline

[The Castle Cary Fairy]

Yes, My fault I know - leaving things until the last minute.

Anyhow, I paid a lumpsum from my ltd account into my pension on 31 March (my year end) which was a Saturday. Statement shows funds coming out on 4th April.

Can I still include this in the intended year's accounts? I do actually have evidence that I made the payment on the 31st because the payment got blocked by anti fraud & I have a screenshot clearly showing the payment having been made on the 31st.

Thanks.

[northernladyuk]

Yes, My fault I know - leaving things until the last minute.

Anyhow, I paid a lumpsum from my ltd account into my pension on 31 March (my year end) which was a Saturday. Statement shows funds coming out on 4th April.

Can I still include this in the intended year's accounts? I do actually have evidence that I made the payment on the 31st because the payment got blocked by anti fraud & I have a screenshot clearly showing the payment having been made on the 31st.

Thanks.

Inneresting. Do you have any kind of professional adviser who may have some modicum of expertise in the field of accountancy?

[WordIsBond]

If you ask your accountant, he will tell you that if you have a limited company you should know that you don't use cash basis accounting, you use accrual basis accounting. So it doesn't actually matter when the payment is made if you can prove it was due. So if you have any evidence (notification to pension provider, for instance) that the decision was made to make the payment on the 31st, you're fine.

He may also tell you that even if you were using cash basis accounting, if you could prove the payment was made on the 31st, you'd be fine.

If you wrote a cheque on the 31st and it didn't clear your account until the 4th, you'd still say you made the payment on the 31st.

Next year do it a couple days earlier. It won't make any difference for accounting purposes but it will save bandwidth on CUK.