Budget 2008

Correction of Errors â?? Voluntary Disclosure - Budget 2008 - GT

Correction of Errors – Voluntary Disclosure

Pre 1 July 2008

  • Errors not exceeding £2,000 may be corrected in the current accounting period.

Post 30 June 2008

  • Errors not exceeding the greater of £10,000 or 1%of turnover* may be corrected in the current accounting period.

Above these limits errors must be notified to H Revenue & Customs.

* Subject to upper limit of £50,000.

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