SAM123185 | Returns: trust returns: SAI: examples of omission of particular boxes

From HM Revenue & Customs · Self Assessment Manual

Trusts

Effects of the omission of particular boxes on the SAI are as follows

Instance	Effect
Figures entered in 1.66 to 1.73, giving a figure of profit or loss for tax purposes but 1.29 to 1.65 are blank	The return is unsatisfactory. Need details of turnover, gross profits, expenses, etc to confirm net profit and amount of taxable income. The trustee may have deducted more expenses than allowable or made a mistake in calculations.
Figure of net profit or loss entered at 1.65 but 1.29 to 1.64 are blank	The return is unsatisfactory. Need details of turnover, gross profits, expenses, etc to confirm net profit and amount of taxable income. The trustee may have deducted more expenses than allowable or made a mistake in calculations.
Figures of turnover and gross profit entered at 1.29 and 1.49 showing gross profit less than turnover, but 1.30 to 1.32 and 1.46 to 1.48 are blank	The return is unsatisfactory. Need details of costs that caused the difference to confirm amount of taxable income. The trustee may have deducted more costs than allowable or made a mistake in calculations. This will also prevent an unnecessary enquiry based on risk when the return may in fact be correct.
Figures of turnover, gross profit, other income, total expenses and net profit entered at 1.29, 1.49, 1.50, 1.64 and 1.65 but 1.33 to 1.45 and 1.51 to 1.63 are blank	The return is unsatisfactory. Need details of costs and expenses to confirm total expenses claimed and amount of taxable income. The trustee may have deducted more expenses than allowable or made a mistake in calculations. This will also prevent an unnecessary enquiry based on risk when the return may in fact be correct.

Note: In all the preceding cases, it is not possible for HMRC to place beyond doubt the amount of taxable income for the year in question. The trustee has therefore not provided sufficient information to establish the tax charge.

Instance	Effect
Figures of turnover, gross profit, other income, total expenses and net profit entered at 1.29, 1.49, 1.50, 1.64 and 1.65 but the only entry for expenses is at 1.63 as ‘other expenses’	The return is unsatisfactory. It is possible that some businesses will have expenses that do not fall into any of the other categories on the return. However, this may not be such a business and the return should be considered for selection for an enquiry.