I phoned HMRC a couple of months ago and I got the phone call retuurned and they explained that the MTD age exemption wouuld be explained in November 2018 but so far I haven't seen anything.
Peter Saxton
07th Dec 2018 15:10
What's happening about the MTD age exemption?
HMRC told me that the MTD age exemption would be explained in November 2018.
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Hi Peter,
Nice to see you on the site. As Kevin Ringer points out here:
https://www.accountingweb.co.uk/community/blogs/kevinringer/hmrc-fail-mt...
HMRC has failed to publish its exemption criteria "due to unforeseen circumstances".
More when we know more!
Tom
Tom
Thank you for that. Today I was preparing the tax return for a client who is 70 and she has nearly £50k of rental income. Although she is very fit and bright I don't think she would have the slightest interest in doing her own bookkeeping. I would expect she would qualify for any age exemption that HMRC produce. If she didn't fall into that category she would expect me to do her bookkeeping - which would cost considerably more than I charge her now. She would also need to set up a bank account rather than use a combination of cash and building society account that she uses now. I think many clients a lot younger than her will not see why they should change their way of working to suit HMRC.
Exactly. Having a blanket age exemption seems discriminatory. I think I will tell HMRC that I "identify" as 100 years old and that should get me out of my obligations.
Is your client VAT registered. If not you don't have a problem for a long time yet
she's not VAT registered
I don't think April 2020 is a long time - it's less than 18 months
April 2020 is just the earliest they could possibly bring in MTD for income tax, and that's with an extremely loose definition of "could possibly".
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