You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.

Example 1

Sarah takes £50 per week from her takings as ‘pocket money’. This money goes unrecorded when she adds up her weekly takings and enters the total into her records. Those records form the basis of Sarah's turnover figure on her tax return, which she knows to be incorrect.

Sarah has deliberately recorded the wrong figure of sales in the business records. However there is no evidence of additional artificial or false records being produced to conceal this deliberate inaccuracy.

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