[foundation-board] Fwd: Accounts - updated

Fri Feb 25 10:15:58 UTC 2011

On 24 February 2011 16:38, Martin Keegan <martin at no.ucant.org> wrote:
>
> On Wed, 23 Feb 2011, Martin Keegan wrote:
>
>> This directly conflicts with my understanding, and with the information I
>> received when I checked this with a Mr Horne at the relevant HMRC office
>> (Ipswich).
>>
>> I think we should provide for potentially unpaid corporation tax on the
>> operating surplus, i.e., GBP 2341 (GBP 11150 * 0.21).
>
> Hello all,
>
> I'm afraid the accountants at Urban Ledgers have now come around to the
> HMRC's point of view, and are preparing corrected accounts stating that we
> owe corporation tax on our activities over that year. These will be ready
> tomorrow morning.

Thanks for the intervention, Martin. If this means that the Board is
going to have to approve a new set of accounts next week then the bad
news is that James and I are both away from email all of next week, so
other Board members are going to have to step up to form a quorum.

Cheers

Becky