Discrepancy between expenses list and expenses overview

Question asked by Kathrin Harrison 4 days ago

My Q2 expenses are correct in my expenses list (matching with my own records), but the amount in the overview is lower (so I can't submit these figures). I can't work out what is wrong, all the dates are within range and there are no disallowable expenses.

What am I missing?

Q2 income is correct, as are Q1 income and expenses.

Write reply3

3 Replies

Hi Kathrin,

I have taken a look and can see there are some expenses coded to Plant and Equipment, this will be reported as Capital Allowances at the year-end on your Making Tax Digital (MTD) tax return.

However, as you are on a cash basis, if you want to include this in your Quarterly returns, you can use an expense account such as repairs and maintenance.

Tommy

Best answer
4 days ago

Amazing, thank you, that makes so much sense!

4 days ago

Hi Kathrin,

No problem at all - you're very welcome!

Tommy

4 days ago

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