Returns: individuals returns: rent a room for traders (Action Guide)
Where the description of the business is ‘Rent a Room’ and the message ‘The return is not in the prescribed format. The expenses are not sufficiently detailed’ is displayed, follow steps 1 - 4 below.
|1.||Add together the amount of Sales / business income in box 3.29 and the total amount of balancing charges in box 3.23 and enter the result in box 3.24 (Turnover, other business receipts and goods…..)|
|2.||Enter the amount of other expenses in box 3.63 in box 3.25 (Expenses allowable for tax…..)|
|3.||Enter the amount of the net profit / loss in box 3.65 in box 3.26 (Net profit or Loss)|
|4.||Continue to capture the return from box 3.66 onwards|