I have had a VAT issue with one client who has been issued with a Personal Liability Notice for a Penalty for deliberately not registering for VAT despite the fact that he was not a Director for 33% of the period involved.
We have gone for a Review and are considering a Tribunal if the Review does not come down in his favour.
I have taken a relaxed view on MTD and am only now starting my MTD journey- better late than never.
I have decided to leave existing clients on Xero and the ghastly Kashflow as they are in the hopes that they will adequately file VAT Returns with HMRC.
For the others we will use spreadsheet plugin Vitaltax.
I will review it in June and then again in March next year.
Bitcoin et al
I have read HMRC's guidance on Cryptocurrencies.
They make no mention of Entrepreneur's relief for winding up a Company that has traded Cryptocurrencies. I am sure that we can argue this as I have had, in the past, clearance for HMRC for this treatment for Futures Trading