have i a old income tax liability

[oaky9]

i bought a house and had to pay the balance of 73200 to my solicitor in november 2005 i wrote a cheque from my companies funds to pay this and said i would put the money back in before the end of the year because i was owed money from another venture but due to the christmas holidays i was afraid it would be early january before i got this money so i lodged company cash of 73200 to cover the cheque i wrote and i said i will lodge the money back in january to cover all this so i did lodge the money back in january but now revenue are asking me where i got the 73200 to lodge in december 2005 my bank statements show i put the money back in january 2006 which in my book balances everything but will they think i lodged the 73200 to avoid extra income tax for 2005, i have evidence to prove i was owed the money in december 2005 and i requested it in late 2005 but only got it in early 2006. in effect i was borrowing company money for about a month.

 

[Brendan Burgess]

Re: tax question

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