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The faster we leave the EU the better, for 95% of clients (for my practice make that 100%) this is just an extra cost for no benefit. I do wish the bureaucrats would stop their endless tinkering - just take away their computers and let them try and use their brains instead.
As the author states - this is a G8 commitment and so the UK would need to comply whether in or out of the EU
Another way to look at this is that we set some sensible rules and the EU has followed our lead - not for the first time. So hopefully a light is now being shone on shady practices in Cyprus, Luxembourg etc, and this has got to be a good thing. And the regime in the UK is largely as it was a month ago.
We then moan (again, not for the first time) that the rules we were instrumental in developing apply to us too. OK, we've had to make a small change, but reporting changes to PSCs as they happen should probably have been in place from the outset. We just got our domestic law wrong on that point.
More pointless short time period paperwork with fines and penalties attached.
If only the EU would leave people to actually get on with running their businesses rather than endless form filling...
Agree with your sentiments regarding the pointless tinkering. I am not a remainer but I dont think it would make any difference whether in EU or not. Our political masters and their bureaucratic minions are quite capable of thinking up crackpot ideas themselves without the help of the EU e.g MTD
Agree with your sentiments regarding the pointless tinkering. I am not a remainer but I dont think it would make any difference whether in EU or not. Our political masters and their bureaucratic minions are quite capable of thinking up crackpot ideas themselves without the help of the EU e.g MTD
All part of the NWO 1984-control system, I'm afraid.
If you fall foul of them (through dissidence, probably) they'll be able to obtain all your meta-data at the push of a button, concoct a case against you and sequestrate your assets without any of that tedious, expensive 'burden of proof' legal stuff.
Of course, the bureauprats are too incompetent to make it work properly in accordance with their masters' grand plan, so it will be 99.9% inconvenience and value-subtracted cost, for 0.1% gain. But these people are clueless about economics.
I suppose it just underlines to check all information on the Conformation statement with the client before you file it.
To retain a record of the enquiry it will have to be done by email, another bloody email.
The days of starting preparing accounts dead on 9am have long gone. First its the email sweep.
@ Andrew - YOu are begining to sound like a bureaucrat which I am sure you are not, we can ask our clients as hard as we like but none with take any notice.
Just like when you produce a set of business accounts all that 99% of the clients are interest in is - where do I sign and how much tax is payable.
As others have said in most cases the information is in the public domain or at the HMRC, Passport Office, DVLA or at Companies House and the bank so why can't they all authomatically check these data bases and through up anomallies?
Just seen a client his UK passport and Driving Licence have different spellings of his surname
In most cases I only hear from clients with address changes is when I mail to the old address and then get updated. I dont think that the new PSC rules wil make the details cahnges any quicker. For those persons/companies acting outside the law I suspect nothing wiull happen