ONS FSSIE

[tony84]

I have just had one of these for the first time.
Looking at the questions, it is talking numbers in millions and says if below £50k I should put £0.

On the basis that I dont do £50k of anything in any given quarter, am I basically just filling this out as £0 for everything?

(I would ask my accountant but I think he is on holiday).

 

[Newchodge]

Financial Services Survey (FSS): Quarterly Return of Income and Expenditure - Office for National Statistics

I think you just follow the instructions.

 

[tony84]

Got that.
I just want to clarify though.

It seems completely pointless asking me to fill out a form where the majority of the answers are going to be zero. How can that possibly help anyone.

 

[UKSBD]

It seems completely pointless asking me to fill out a form where the majority of the answers are going to be zero. How can that possibly help anyone.

It tells them that your figure is zero

 

[tony84]

It tells them that your figure is zero

But it isnt.
Its not a vanity thing. I just dont understand what the point of it is. If my business is too small to provide anything meaningful thats fine, they should alter their research pool.

To make me legally provide something and then what I provide is of no use to them just seems completely ridiculous. Of course, its the govt so not unexpected but frustrating.

 

[Daybooks]

There is a point to it but generally not for the participants. I have done a few over the years and when the really become irrelevant I’ve used the contact number on the forms and got them stopped. Give them a ring - I have found them refreshingly with it!

 

[tony84]

My accountant has come back and just told me to fill it out as best I can and he will take a look over it.

I will give them a call though and see if I can not be included in future ones.

 

[Paul Kelly ICHYB]

my business is too small to provide anything meaningful

It relates to a business your size, so it is relatively meaningful!!

 

[tony84]

There are 23 questions about income and expenditure.
Every single one of them will be £0.

If you are telling me that is meaningful then we have a very different definition of the word.

And its not because my income is £0. Its because I dont earn/spend over £50k in any given quarter. Even then the £50k would be rounded up to £0.1m (£100k).

They wont even know if I am trading from this spreadsheet Definitely meaningful.

What does 23 lots of £0 help them with?

 

[DontAsk]

The clue is in the title "statistics".

Whether your answered are 0 or millions they are still relevant.