You have to declare all your takings to HMRC. Doing anything other than that would be a serious offence.i was told by a tax woman not to put all my earnings through the book
You have to declare all your takings to HMRC. Doing anything other than that would be a serious offence.
During an investigation you will be amazed at the amount of data that HMRC has to hand about your particular line of business. They know what percentages of cash, cheques and card payments (if used) you should have taken, they'll even know, roughly, how much you've received in tips!
Quite simply, do not mess around with HMRC. If you are unsure of your requirements then please get yourself an accountant.
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