Tax incentative from Inland Revenue
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Hi
As a small business we were encouraged to file our Annual Returns online, which I did and got the £250 knocked off our final amount that needs to be paid over.
As part of our reconciliation of the year end for IR and for our internal purposes also I reconcile our nominal account for Tax and NI. I am ok to post the payment amount that I need to pay, but not sure about the journal entry that I need to make for the £250.
any ideas
cheers
As a small business we were encouraged to file our Annual Returns online, which I did and got the £250 knocked off our final amount that needs to be paid over.
As part of our reconciliation of the year end for IR and for our internal purposes also I reconcile our nominal account for Tax and NI. I am ok to post the payment amount that I need to pay, but not sure about the journal entry that I need to make for the £250.
any ideas
cheers
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Comments
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Re:Tax incentative from Inland Revenue
There are quite a few threads on this subject. I used the search option at the top right of the page and typed in £250 and the following two links are those with the most replies. Hope they are of help.
http://www.aat.org.uk/forums/posts/list/10971.page
http://www.aat.org.uk/forums/posts/list/10063.page0 -
Re:Tax incentative from Inland Revenue
Dear TLG,
many thanks for putting in that link for me and yes they have come in handy
kind regards
ivor0