46G: adjust to fit

We have already had to complete these returns on form 46G for one of our clients for the year to 5 April 2001 and readers may be interested to learn that by negotiation with the Revenue it is possible to arrange for the returns to be made to have a coterminous year-end to tally with the individual taxpayer's accounts. This has the obvious advantage in that you only need to call for the books and records to enable you to complete the section 16 Taxes Management Act 1970 return once a year and as the Inspector is willing to accept the information in the form of an Excel spreadsheet this additional breakdown of information should be readily available when completing the annual accounts.

Our own discussions with Taxes Information Distribution Office have led us to believe not only that the primary target is to the...