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Reinstating AAT membership?

I'm not sure what to do....

Didn't find your answer?

Hi everyone - it's been a while since I posted!

I did ask a similar question over a year ago but I wonder if anything's changed since my last post.

Basically I lost my wife in 2017 so sold my practice and resigned with the AAT. I worked on an email support desk for a while later afterwards for a well-known tax return software company that were subsequently taken over by a bigger company (some of you may have spoken to me!) but upon the takeover that fizzled out.

I now want to go back into accounts prep/bookkeeping but I wondered if it's worth the hassle of reinstating my membership with the AAT, and all the fees of course - or do I simply not bother?

I know I'd still need PII and MLR - am I only able to get MLR from HMRC? Sorry but it's been a while!

Thanks in advance.

Replies (6)

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By bernard michael
26th Sep 2020 09:04

What did you gain previously as a member??

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Replying to bernard michael:
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By jaybee661
26th Sep 2020 09:12

Not a lot if I'm honest. I guess 'MAAT' after my name was always good but can't think of much more. I don't remember any client I ever had that was too interested in my qualification.

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By bernard michael
26th Sep 2020 09:27

I think you've answered your own question. I can't remember the last time a client asked for my qualification. Knowledge and experience is what they're looking for.

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By Paul Crowley
26th Sep 2020 12:16

The advantage is that AAT is a recognised accounting body so lenders give it credence for mortgages.
Even then, most now just ask the client for tax calculation and TYO, result is I send these to client
We have 400 tax returns, probably 4 times a year that anyone wants a signature from me ( as qualified)

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By Moonbeam
27th Sep 2020 10:16

Hi Jason. So sorry to hear about your wife. I have missed seeing your posts. You must have been through some very dark days since. I hope getting your new practice set up will help a little. I'm sure your old clients are missing you.
I qualified as AAT around 10 years ago, but ditched the qualification in favour of ATT. However, I called AAT later to find out how easy it would be to get back my membership and it's quite easy. The reason I wanted to do this was that Virgin Money won't recognise the ATT qualification. However, my very friendly alternate firm (should I kick the bucket) has told me they can do this for me if there's a problem in future, so that could be an option for you too.
You'll have to do some additional things to set up for MLR both for HMRC or AAT.
Fees for all professional bodies and probably HMRC are going to go up to pay for more MLR scrutiny, but of course the banks are allowed to carry on money laundering, because it's part of their job.
If I were you, I'd start just by registering with HMRC, and if you think you need AAT you'll know after a few years and you can then re-apply. At this stage of the game you'll want to save money.
Keep us in touch!

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Replying to Moonbeam:
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By jaybee661
27th Sep 2020 11:49

Thanks so much Moonbeam - lovely to hear from you!

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