A relevant person within charge to income tax under Part 2 of the Income Tax (Trading and other Income) Act 2005 (ITTOIA 2005)
A relevant person with trading income must provide the following update information in each quarterly update:
quarterly update period start date
quarterly update period end date
totals of the amounts falling within income and expenses set out in the following table:
Business income;
Turnover
Other business income
Business expenses – allowable and disallowable;
Cost of goods bought for resale or goods used
Construction industry – payments to subcontractors
Wages, salaries, and other staff costs
Car, van, and travel expenses
Rent, rates, power, and insurance costs
Repairs and maintenance of property and equipment
Phone, fax, stationery, and other office costs
Advertising
Business entertainment costs
Interest on bank and other loans
Bank, credit card and other financial charges
Accountancy, legal and other professional fees
Other business expenses
Consolidated expenses
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