MTD- timing re PAYE data to be available

PAYE will not update accounts until possibly August post year end

Didn't find your answer?

Here is a link to an A Web article by Matt Bailey re MTD timing re access to taxpayer employment income.

https://www.accountingweb.co.uk/community/blogs/mattbailey/mtd-pilot-tax...

Now I may be getting the wrong end of the stick, but what is point of say landlords submitting quarterly updates if their PAYE data does not turn up until July/August post year end, how in any imagination does this help taxpayers know their liabilities, one of the stated aims?

Why do taxpayers need to update quarterly within 30 days but HMRC , despite holding all the data via RTI, updates post year end, this is all so pointless and disjointed it is not believable- is MTD really just the plotting for a "Thick of It" Christmas special?

 

 

Replies (4)

Please login or register to join the discussion.

avatar
By GW
19th Apr 2017 12:02

Is MTD going to meet any of the stated aims?

Thanks (1)
Replying to GW:
By Duggimon
19th Apr 2017 14:52

That depends on how you define "meet" and how you define "aim".

Thanks (1)
avatar
By MM Bookkeeping Services
19th Apr 2017 16:20

My thoughts exactly same as yours DJKL.
I'm really getting p****d off with the whole lot to be honest.
One rule for them and another for their 'customers'.
If I was a 'customer' I certainly would not give HMRC my business - but as I don't have an option then can I please be referred to as a 'taxpayer'?

Thanks (1)
Replying to MM Bookkeeping Services:
x
By rockallj
20th Apr 2017 12:46

MM Bookkeeping Services wrote:

My thoughts exactly same as yours DJKL.
I'm really getting p****d off with the whole lot to be honest.
One rule for them and another for their 'customers'.
If I was a 'customer' I certainly would not give HMRC my business - but as I don't have an option then can I please be referred to as a 'taxpayer'?

Well said both of you. If we have to adhere to a 30 day turnaround time each quarter, why can't they? One rule for them......

Thanks (0)