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Sean Dyer

  • Posts: 2947
Re: how honest are you
« Reply #40 on: January 04, 2010, 11:22:36 pm »
I think dave has a different situation he doesnt do the work so its difficult to hide as you have to prove the guys turnover etc

a sole trader can easily miss a few quid

I know a builder who puts a similar figure down each year and then makes up the books no matter what happened in reality

Im sure many do this as its easier than doing the real accounts

I am doing my first return this year so have never been put in the position before, it wont be for alot as its for the year until 6 months ago and expenses were high


But i bet theres many out there who will knock a few grand off earnings total to miss vat or 40 % tax

If its the difference between 2k off turnover or 17.5% on everything it takes a strong person to be truthful


I have been honest in everything though :)

Fair play to those being truthful , but i bet many are fairly economical but just justify themselves and still think they are honest :)

Barryy

  • Posts: 197
Re: how honest are you
« Reply #41 on: January 05, 2010, 12:00:32 am »
As an employee, at the end of every tax year I would apply for a balancing statement to the tax office, and almost every year I was sent a refund cheque for tax that had been overpaid. There's no way I would have gotten these refunds if I hadn't made contact first. Therefore, as a self-employed person, I try to be as honest as the tax man is!!