Mistake in accounts on B1 submitted

Discussion in 'Askaboutbusiness' started by ninak, 11 Jul 2018.

  1. ninak

    ninak Frequent Poster

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    126
    just realised that there is a mistake in the B1 accounts submitted online a few weeks ago. I am past the submission deadline date. These mistakes were picked up when completing the CT1. It means a slightly bigger yearly trading loss, by about 8,000. What should/can I do? I do not want to do anything that would cost me my audit exemption.
     
  2. T McGibney

    T McGibney Frequent Poster

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    3,555
    Not sure there is much you can do at this stage, to be honest, except fix it next year. Are there wider implications arising from the error, or is it a straightforward case?
     
  3. dublin67

    dublin67 Frequent Poster

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    164
    I personally wouldn't be bothered fixing the statutory/CRO accounts and as Mr McGibney indicates you can do it next year. The tax computation can be amended fairly easily to include the adjustment.
     
  4. ninak

    ninak Frequent Poster

    Posts:
    126
    Thanks to you both, yes I think I will just correct next year. No wider implications that I am aware of. The CT1 went in with the correct figures. Thanks very much.
     
    T McGibney likes this.