JUst received an email from HMRC stating from 6/4/2024 I will have to use their digital service. I am a pensioner and I do my own submission. for myself So now I have to buy software and make quarterly updates. What nonsense is this? I have around £6000 of reducing clients. Time to quit I think? THis is really going to damage my livelihood. Has this been approved by parliament? This is going to cause misery for many poeple and give HMRC dictactorial powers!
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Think this has maybe been mentioned on here previously.
I think I've seen something about it, now you mention it.
Oh I *really* wish this was the first time I'd heard of this!
But then, I don't appear to be in receipt of the specific email referred to in the OP so... perhaps I've not actually heard of this at all (the current version that is).
Have you been living under a rock?
Clients - I hope not accounting clients? Loads of CPD courses I've attended have been mentioning it for years (and I do mean years, this has been pushed back so many times).
It you are just joe blogs though, not an accountant then fair enough. There are exemptions, however the fact that you have posted on an online forum probably means you are not eligible.
Some bridging software is available. With £6k income is it even worthwhile you being VAT registered? That is a whole other can of worms though.
You can get MTD compliant software for free with some banks, other software can be found pretty cheap. Have a google. If you are struggling ask a friend or family member for help (or even a tech savy client).
Not sure why you think you should be exempt from money laundering regulations.....they are there for a purpose. The rest of us have to pay, so i suggest either registering (which is a legal obligation for an accountant in practice) or retire.
Its been mentioned before, back in 2021 in fact, that you did not appear to have had MLR cover, so for many years so youve saved yourself an absolute fortune over the years so can now plough that saving into paying a teeny tiny amount into software. Why on earth mid 2022 have you still not sorted this out?
Never mind about the fact that you have been breaking the law, which could cost you thousands in fines and worse for having no cover. You certainly dont want their fraud dept on your case.
We all have to pay it, so why shouldnt you?
If your turnover is reducing anyway you will be able to pay less for MLR soon.
You will be able to file MTD via taxfiler.
I hardly dare ask ... but are you saying you are a practising accountant? With a PC? But no AML certificate? How about PII? What kind of services are you providing?
Is MTD a burden? Yes. Is it necessary? Logically no, but legally yes.
Is it all really news to you?
I hardly dare ask ... but are you saying you are a practising accountant? With a PC? But no AML certificate? How about PII? What kind of services are you providing?
Is MTD a burden? Yes. Is it necessary? Logically no, but legally yes.
Is it all really news to you?
Tony says at 11.04 am above "The problem is I have to also pay HMRC for Money laundering regulations" I took that to read that he now has AML.
Also in the following sentence he says ''I tried to register for MTD but
this prevented me as I have to pay them around £300 for this.'' Which indicates he has not paid it, otherwise he would be able to register for MTD.
Tony - just retire.
As usual, interpretation is everything when the wording is unclear.
I took Tony's continuation of that same quote "I tried to register for MTD but
this prevented me as I have to pay them around £300 for this" ... to mean the exact opposite of your interpretation.
In other words, because he 'would have to' pay £300 and didn't wish to do so, he hadn't done so (registered for AML). But who knows?
Dear Tony,
without wishing appear to be rude, are you use you sure you are best representing your clients? I imagine that they are very long standing and been with you for years, and no doubt as much friends as customers.
You seem to be very out of date with a topics which have been 'hot topics' for years.
What else has past you by?
We have taken on work in the past from very well meaning accountants who are unfortunately gone past the point where they are able to offer the services they once could and as a result have let down their clients.
Is this happening to you?
It is going to happen to every single poster on this forum at some point.
Do take care.
Tony - you could always work for the companies as an employee.
Or you could retire. Which is what I did.
I am age 72, with Parkinsons Disease and Spinal Stenosis with Trapped Nerve
Sorry to hear that but I'm not seeing the relevance to my suggestion. It's not preventing you retiring nor working as an employee.
Has anyone else received such an email from HMRC? I personally am not aware of any. Maybe the OP knew about MTD it but an actual email from HMRC has a sense of finality to it in that it may not be delayed any further.