ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
Yeah you are probably right. I should just do it now.I believe you can still amend and resubmit last years return; it will recalculate and add the missing tax and some penalties. You can then have them added to this years (there’s a section for underpaid tax I believe). I’d do it straight away if it was me.
I messed up once before when I got an invoice template with the dates written in the American way . . . so I submitted it in the wrong tax year. I got on the blower about that one and resubmitted my return after the event. . . I somehow feel like I should phone up, but phoning won't make a blind bit of difference will it?
£1000 extra in expenses . . . so that's going to be an extra £300 in tax plus interest plus whatever penalty (I don't think I got a penalty last time).
Takes a while to recalculate though doesn't it?