ATT: We can influence Making Tax Digital
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Shifting to more advisory. No. Shifting to bookkeeping. It is clear that the people in power at HMRC, the associations and government have no clue as to the real effect that MTD will have. The real people who it will affect and distress are the small businesses. Most of them don't even know it's going to happen and HMRC's budget has only extended to press releases and a YouTube video. If my practice of 100 clients of whom one uses accounting software is an indicator for rural businesses we have trouble ahead. I am not going to be herding my clients off to be preyed on by greedy software vultures. I would rather pack it all in and have no part of this whole disgusting affair.
Why does it have to happen?
I reiterate what I have posted elsewhere on this website. Enough is enough and let ATT listen to its frontline members and tell HMRC that we do not intend to cooperate and that we do not accept the inevitability of "Making Tax Digital".
Too much spin and not enough substance.
What is an 'advisory direction'?
I can just imagine my clients reaction when I say, sorry I won't be processing any of your records but I can now 'advise' (on what I'm not sure). Or, worse if I say sorry I now have to process your paperwork/records four times a year instead of once and that's double my fee thanks...
Time to retire methinks.