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Thread: OT - small business owners - when do you use points for business?
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Old Dec 9, 2008 | 7:20 am
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Swiss Tony
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Originally Posted by cabinfever
Believe me they WILL find out. I have heard stories of people being investigated down to drawing out x amount of money from x cash point. Having to justify something you did 3 years ago can be difficult when one's grey matter is the only source of evidence!

It's not worth it. Any good inland revenue employee will always explain that it's a trust arrangement (both ways). Play it by the book and they will leave you alone.
I understand from a good friend that simply high expenses claims (as a percentage of turnover) do trigger interest from the taxman.
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