MTD? Anyone else not sleeping at night?

So, is anyone

Didn't find your answer?

Just like me i'm sure you all have plenty of clients who wouldn't know where to strart with mtd. so what's the answer? Who has time to show them how to use online software? What are we supposed to do? We still get envelopes of invoices. We couldn't enter everyones information every 3 months oursleves. I see house prices in the Shetlands are much cheaper then the south of England. Sell up, clear the mortgage and buy up there? Is that the answer and retire.

Replies (73)

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By RuthA
13th Aug 2022 11:15

They will all need to set up HMRC digital tax accounts first and that’s going to be quite a task on its own. We encouraging our clients to set them up now, but not many are and when they do it’s quite painful in terms of questions and problems.

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By 0098087
15th Aug 2022 10:51

Just speaking to a client. Self employed hairdresser. Business still not back to normal after Covid so she's doing some cleaning work. She hasn't a clue which box to tick on a starter form, and HMRC want her to complete her accounts every 3 months. Total joke.

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Replying to 0098087:
By petersaxton
15th Aug 2022 12:12

That's what accountants are for.

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Replying to petersaxton:
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By 0098087
15th Aug 2022 12:36

So we are supposed to enter the data? As I understand it HMRC do not WANT us doing that. Just like the self employed grant. They want clients to fail.

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Replying to 0098087:
By petersaxton
15th Aug 2022 12:44

"So we are supposed to enter the data?"

If the client can enter the data I would get them to enter the data. If they cant then the accountant should.

"As I understand it HMRC do not WANT us doing that. Just like the self employed grant."

Have you got any evidence to support your "understanding"?

"They want clients to fail."

Wild conspiracy theory.

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Replying to petersaxton:
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By 0098087
15th Aug 2022 12:51

And you have time to do this every quarter for the clients. sorry but it doesn't work like that. It's more time out on the road as well

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Replying to 0098087:
By petersaxton
15th Aug 2022 16:30

0098087 wrote:

And you have time to do this every quarter for the clients. sorry but it doesn't work like that. It's more time out on the road as well

"time out on the road as well"!?

What are you talking about?

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Replying to petersaxton:
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By 0098087
15th Aug 2022 16:41

Going to clients to collect paperwork

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Replying to 0098087:
By petersaxton
15th Aug 2022 17:38

0098087 wrote:

Going to clients to collect paperwork

They can bring it to me or scan and email like my other clients.

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Replying to petersaxton:
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By Paul Crowley
15th Aug 2022 17:56

Agree
Their fault if they cannot comply

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Replying to petersaxton:
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By Paul Crowley
15th Aug 2022 17:38

£200 non filing penalty per quarter suggests that HMRC want failure
Good news for me the taxpayer as I am not in the MTD club, and only 50% of my client tax returns are.

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Replying to Paul Crowley:
By petersaxton
15th Aug 2022 17:37

Paul Crowley wrote:

£200 non filing penalty per quarter suggests that HMRC want failure

Does fines for dangerous driving mean that the government wants drivers to drive dangerously?

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Replying to petersaxton:
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By Paul Crowley
15th Aug 2022 17:53

Parking fines (as in trivial consequence) are just loved by councils as extra income, not trying to move drivers on. The change from honest flat rate paid traffic wardens to paid by ticket council employees changed the face of how that penalty operated
Filing trivial returns is more like parking on yellow lines for five minutes than dangerous driving
Similes need to be similar
Otherwise we end up comparing HMRC to Hitler, just like all the carp Twitboxface comments
Godwin's law reigns supreme

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Replying to Paul Crowley:
By petersaxton
15th Aug 2022 19:45

Paul Crowley wrote:

Parking fines (as in trivial consequence) are just loved by councils as extra income, not trying to move drivers on. The change from honest flat rate paid traffic wardens to paid by ticket council employees changed the face of how that penalty operated
Filing trivial returns is more like parking on yellow lines for five minutes than dangerous driving
Similes need to be similar
Otherwise we end up comparing HMRC to Hitler, just like all the carp Twitboxface comments
Godwin's law reigns supreme

What is the reason for fines for dangerous driving? Some people seem to think that fines are proof that they want people to get things wrong. Sensible people think it's to discourage non-compliance.

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Replying to petersaxton:
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By lh3f9764bg1g
19th Aug 2022 12:14

But . . . . . aren't people supposed to be able to self-assess? Surely engaging an accountant hasn't become compulsory? And surely paying monthly software subscriptions isn't to be compulsory either?

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Replying to lh3f9764bg1g:
By petersaxton
19th Aug 2022 12:40

"But . . . . . aren't people supposed to be able to self-assess?"

If they have the ability.

"Surely engaging an accountant hasn't become compulsory?"

No it isnt.

"And surely paying monthly software subscriptions isn't to be compulsory either?"

It isn't.

Many taxpayers will prefer to use an accountant who uses software so that their legal requirements are complied with in a cost effective and efficient way.

Some taxpayers will try to do it themselves and a large proportion will make a mess of it.

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Replying to petersaxton:
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By bernard michael
19th Aug 2022 13:23

petersaxton wrote:

"But . . . . . aren't people supposed to be able to self-assess?"

If they have the ability.

"Surely engaging an accountant hasn't become compulsory?"

No it isnt.

"And surely paying monthly software subscriptions isn't to be compulsory either?"

It isn't.

Many taxpayers will prefer to use an accountant who uses software so that their legal requirements are complied with in a cost effective and efficient way.

Some taxpayers will try to do it themselves and a large proportion will make a mess of it.


And who picks up the pieces?? You've guessed it .................us
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Replying to lh3f9764bg1g:
By petersaxton
19th Aug 2022 12:40

"But . . . . . aren't people supposed to be able to self-assess?"

If they have the ability.

"Surely engaging an accountant hasn't become compulsory?"

No it isnt.

"And surely paying monthly software subscriptions isn't to be compulsory either?"

It isn't.

Many taxpayers will prefer to use an accountant who uses software so that their legal requirements are complied with in a cost effective and efficient way.

Some taxpayers will try to do it themselves and a large proportion will make a mess of it.

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By tom123
16th Aug 2022 08:13

I like to follow this topic - although it doesn't impact my paid 'Day' job.

My wife, however, has a limited company and property income. as far as HMRC is concerned she is what we would call unrepresented.

I am interested to see what communication wends its way to us about MTD for SA, (or whatever we are abbreviating it to)

So far, apart from quickbooks on the TV there is nothing.

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Replying to tom123:
By petersaxton
16th Aug 2022 08:31

MTD for ITSA

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Replying to tom123:
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By Hugo Fair
16th Aug 2022 12:04

Well of course I'm not defending HMRC, but ... your wife's limited company isn't (yet) covered by any MTD regime that has been officially scheduled. So unless her gross income from property (and any other self-employment) exceeds £10k p.a., then she escapes the maws of MTD for ITSA.

What we haven't yet been told (amongst many other things) is how she is meant to complete/submit her SATR if she *is* caught by MTD - given that there's no place in the brave new world of MTD to report those 'other' incomes (those not related to being self-employed).

Personally I complete an online SATR each year, but have heard nothing from HMRC to suggest that anything will be changing for me.

In the meantime, good luck to them when they develop a communications plan ... as I, along with most people of my vintage, have zero footprint in the world of social networking + only watch TV over the internet (so no advert breaks for me) + stopped buying newspapers ages ago, so rely for my 'news' on what I read in monthly / fortnightly magazines (and Aweb of course!) plus chitchat with friends & neighbours.

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Replying to Hugo Fair:
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By tom123
19th Aug 2022 12:18

Income from property does exceed £10k pa - so we shall see :)

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