Yes Dave the Tax man will allow me £250 against Tax but my accountant put down £800.
The Tax man quotes a certain case that has been to court and they apply the courts ruling on the matter.
So I have to pay Tax on £550, plus a peanalty for it being wrong,plus intrest plus because its wrong they will now look up to another 5 years of my accounts. They will find the same discrepancy, So times the £550 by a Total of 6 years plus 6 years peanaltys plus intrest, I am looking at a big tax bill, All because the accountant got it wrong.
Nel.