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Should Accountants be paid by HMRC ?

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I note that in the Agents update received today HMRC are asking Accountants to contact clients to ensure they meet the first filing date of 7th August . 

Apparently 185000 have filed under MTD and 385000 registered so 815000 still to sign up. My question is should HMRC be directing us(the accountant)  to write to clients effectively saving thousands of pounds in advertsing at the expense of the Accountant who may find that cost difficult to pass on, also what are HMRC to do and how will the unrepresented taxpayer be made aware if they are not on social media ? Are HMRC advocating a new system where the Accountant is actually doing HMRC's work ?

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By Tim Vane
12th Jun 2019 23:43

Should HMRC pay you for advising your clients? No wonder you posted anonymously. What next, do you want HMRC to pay you for completing your client’s tax returns on time? Grow up.

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Dan
By danstopp1
13th Jun 2019 08:46

I would expect accountants to be informing clients of any updates of tax rules and regulations as part of the service. I feel that many accounting software companies and accounting practices are embracing MTD. It is also a great way of acquiring new clients as it starts up conversation. Also, in the long run this should make accountants job easier since clients will be keeping better records. I work for an accounting software and we have informed all of our users about MTD and are trying to help them as much as we can.

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Replying to danstopp1:
By Duggimon
13th Jun 2019 09:21

Quote:

Also, in the long run this should make accountants job easier since clients will be keeping better records.

I agree with everything you said except this bit, which is utter rubbish.

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Replying to Duggimon:
Dan
By danstopp1
13th Jun 2019 10:02

Interesting that you don't agree with this point. Do you feel that the clients records are more accurate in excel than they are using an accounting software?

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Replying to Duggimon:
Dan
By danstopp1
13th Jun 2019 10:02

Interesting that you don't agree with this point. Do you feel that the clients records are more accurate in excel than they are using an accounting software?

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Replying to danstopp1:
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By meadowsaw227
13th Jun 2019 11:20

I've tried Kashflow - worst, Quickbooks slightly better and Freeagent "slightly" better still.
However none of them are anywhere near suitable for the novice to be let loose on.

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Replying to danstopp1:
By Duggimon
13th Jun 2019 12:00

Quote:

Interesting that you don't agree with this point. Do you feel that the clients records are more accurate in excel than they are using an accounting software?

The quality of client's records is determined by the ability of the client to accurately record their records in their chosen medium.

If you accept that statement then restricting the media available to businesses can only have a negative impact on record keeping. Those suited to digital record keeping will use it without being mandated, those not suited are forced into a medium they aren't comfortable with.

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By ireallyshouldknowthisbut
13th Jun 2019 09:20

Eh?

if 385k have signed up already, then that is a huge number given only 1/3rd are due to file their end of June numbers, so will sign up I guess from now until mid July.

The uber keen people wanting to be top of the class will already be signed up months ago for the pilot. Everyone else is going to leave it until they have to do it.

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Replying to ireallyshouldknowthisbut:
Dan
By danstopp1
13th Jun 2019 10:16

I have no idea, if these numbers are correct but I actually would expect them to be quite high due to to following reasons:
1) I work for an accounting software called Bokio.co.uk, we have had a number of users sign up for MTD and submit their VAT Return using MTD. These users have mostly signed up due to the way HMRC worded it "from April 2019". Many companies therefore registered by mistake thinking that because they are submitting their March return after 1st April 2019 they have to use MTD.
2) Also, from experience I think that it will be considerably more than 1/3rd who have a June quarter end. Many companies want to have a coterminous VAT period with Year end and the most common fiscal year end is March (to tie in with tax year) or December (to tie in with calendar year).

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By Duggimon
13th Jun 2019 09:20

It's my opinion, and you're quite entitled to disagree if you like, but it's my opinion that if you haven't already advised your clients of MTD and the relevant dates and responsibilities then you're somewhat deficient as an agent.

They're really only asking you to do something you should have already done, and I'm pretty sure if you haven't, and choose not to do so now, your clients might be quite annoyed. Maybe they're doing people a favour by prompting them?

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