Should I declare small cash injections?
MDMJim
Answered
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I’ve just been going through my 2012 paperwork and have found that I’ve paid into my bank account slightly more than I’ve declared. This was due to me borrowing money from my parents in order to pay for stock. When I made my auto-entrepreneur declarations I calculated it from the turnover from sales, not money paid into my bank account.
Should I make a note of this on my tax return (online) or possibly declare the amount on my next declaration or not worry about this at all? I pay my income tax at source and the amount wouldn’t be anywhere near enough to take me into the next bracket anyway.