I have 40 clients, including 4 over the VAT threshold. Most earn under £20000. If I understand correctly all tax payers will be caught in this net by April 2020. From that year I will be working on the previous year's accounts usually doing 4 every month. I am well into reirement with a disability. How on earth I am supposed too be working on the previous year and the current quarter, and believe it or not have 40 clients submitted wiithin 30 days of the end of that first quarter? I charge cliients once per year, so do I have to charge them every quarter. It is hard to get clients to come round once a year at the moment. This will kill my small business.
Have complained to my local MP about this, and it seems that just because some tax payers cannot account properly for their tax, then everyone else that does must pay the price too. This is dictatorship in that it should be subject to parliamentary scrutiny and approval before finalised, not left to HMRC throwing their weight around. I just cannot see this working at all. Why should a hairdressor earning £15000 find this beneficial god only knows. It will put up costs too. Only larger firms will be able to manage this peice of nonsense. Particularly with Brexit going on. Then you know what it is like trying to contact HMRC about problems arising, you can never get through on their lines, and if you do you get brushed off. I see nothing but chaos ahead. Anyone else have this sense of foreboding?