| Instance | Effect |
| Figures entered in 1.66
to 1.73, giving a figure of profit or loss for tax purposes but
1.29 to 1.65 are blank | The return is
unsatisfactory. Need details of turnover, gross profits, expenses,
etc to confirm net profit and amount of taxable income. The trustee
may have deducted more expenses than allowable or made a mistake in
calculations. |
| Figure of net profit or
loss entered at 1.65 but 1.29 to 1.64 are blank | The return is
unsatisfactory. Need details of turnover, gross profits, expenses,
etc to confirm net profit and amount of taxable income. The trustee
may have deducted more expenses than allowable or made a mistake in
calculations. |
| Figures of turnover and
gross profit entered at 1.29 and 1.49 showing gross profit less
than turnover, but 1.30 to 1.32 and 1.46 to 1.48 are blank | The return is
unsatisfactory. Need details of costs that caused the difference to
confirm amount of taxable income. The trustee may have deducted
more costs than allowable or made a mistake in calculations. This
will also prevent an unnecessary enquiry based on risk when the
return may in fact be correct. |
| Figures of turnover,
gross profit, other income, total expenses and net profit entered
at 1.29, 1.49, 1.50, 1.64 and 1.65 but 1.33 to 1.45 and 1.51 to
1.63 are blank | The return is
unsatisfactory. Need details of costs and expenses to confirm total
expenses claimed and amount of taxable income. The trustee may have
deducted more expenses than allowable or made a mistake in
calculations. This will also prevent an unnecessary enquiry based
on risk when the return may in fact be correct. |
