Finance Problems? Ask a Financial Expert Online.
Hi I am one of the experts. You need to simply download bank statement in excel format from Bank online or put all transactions in the excel format. In the column put on top personal transactions and Business transactions. Below these two columns row by row write down which transaction is for business and which one is private.
Please call inspector and tell them you want to send them more info as to which transaction is for business and which one is not for business so you need their email address. Once you have got inspector's email address then email this sheet to them.
This will help HMRC and you both. Hope I have answered your question?
If you are send them email then send all bank statements with columns example, Date, Transactions, Details, Business transactions, Personal transactions. Example attached.
You should by the way only send info that they have asked you about to keep things simple. So just reply to their query and tell them which one is for business and which one is not.
Please also do me a favour that accept this answer if i have replied to you.
Thank you so much and good luck.