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Budget 2008
Correction of Errors – Voluntary Disclosure
Pre 1 July 2008
- Errors not exceeding £2,000 may be corrected in the current accounting period.
Post 30 June 2008
- Errors not exceeding the greater of £10,000 or 1%of turnover* may be corrected in the current accounting period.
Above these limits errors must be notified to H Revenue & Customs.
* Subject to upper limit of £50,000.
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