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deadlines change
There will be advantages from the change – tax payers will get PAYE notices corrected within current tax year, maybe accountants will no longer have their Christmases ruined by worrying about tax returns.
It is plain silly to say there will be no work to do in the other 8 months of the year, it just won’t work that way!
File protective returns, and then lots of paper.
As I understand it there is no proposal to move the payment date. So for those clients where you cannot reasonably get full figures by the new deadline submit an estimated return and use the 12 window to amend it (probably 31/03 and 05/04 year ends or complex cases).
The amendment will have to be paperbased, and I understand software produced faxsimile copies are not to be allowed, so request a supply of paper returns from HMRC, write them in your best hand writing (mine is not very good these days) and send them in by post. This is really going to help the Government's drive to e-business!
Self-Assessment deadlines change
The government clearly hasn't thought out the implications of these changes. Small practices, who specialise in Self-Assessment tax help, will be left with 4 months unemployed and have to rush the work into 8 months - very difficult when you are dealing with individuals who are not financially clued-up.
This can only increase fees, since salaries and overheads will have to be recovered in 8 months not 10!
Please add my name to those opposing the changes.