Hi ya all.
I have recently been eventually caught up by HMRC, for 26k of old income tax debt. I want to clear this debt and have agreed a payment plan for said debt. How do i account for £1200 bucks a month leaving my account. Do i class this as a business exspense/cost /inventory. Surely because it wasnt paid over the years it is still a business cost. Help please
I have recently been eventually caught up by HMRC, for 26k of old income tax debt. I want to clear this debt and have agreed a payment plan for said debt. How do i account for £1200 bucks a month leaving my account. Do i class this as a business exspense/cost /inventory. Surely because it wasnt paid over the years it is still a business cost. Help please