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Vicky | Can you please check my english.? |
Accountancy fee for the last year was overstated by £470 in the accounts for S Ltd,
and thus underpaying the tax liability. |
 |
 
Debs
 |
Under paying the tax liability does not make sense, either the tax was underpaid or the liability was understated, if it was paid, no liability exists.
In S Ltd accounts, the accountancy fee was overstated by 470. Therefore the profits were understated which resulted in an underpayment of taxes.
OR
In S Ltd accounts, the accountancy fee was overstated by 470. Therefore the profits were understated which resulted in an under acrrual of taxes. |
|
Stella S
 |
and thus the tax liability was underpaid. |
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suerye
 |
It should be 'understating' the tax liability. It is only underpaid when the tax has been paid - in the accounts the liability is only potential and so should be described as understated. |
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tinkerbell
 |
Fine fine fine ...... good work x |
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mainwoolly
|
it should say
"Accountancy fees for the last year were overstated by £470 in the accounts for S Ltd, therefore the tax liability was understated."
You can't say a liability is underpaid. It's understated. If it's already been paid it's no longer a liability. |
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valjanny
|
I agree with Stella S. |
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joannie
|
Accountancy fee for the last year was understated by £470 in the accounts for S Ltd,
therefore underpaying the tax liability. |
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diagonal57
 |
Well it makes sense to me, I can understand the point but will the Taxman? |
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Onestep downfrom God
|
And resulted in the tax liability being understated.
SEE PREVIOUS ANSWER FOR ABUSIVE COMMENTS. |
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sicoll007
|
Accountancy fee for the last year was overstated by £470 in the accounts for S Ltd,
(and) thus underpaying the tax liability.
The 'and' is superfluous. 'Thus' in this context means 'therefore'. |
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hmspink
 |
yep |
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