Member Since: 18th Oct 2014
5th Nov 2021
COP 26 was a wasted opportunity. Chia decided to not show up. Probably because they consume over half total world production of coal of which half is burned for electricity generation. If the government was to do something really worthwhile, it would be to use the green agenda at COP26 to introduce increasing environmental tariffs on goods produced by countries that use dirty energy like coal and diesel to generate electricity.
It is one thing for your international competition to work harder and smarter. It is another when our domestic industry is hamstrung by green initiatives whilst the international competition gets away with polluting the environment to save money.
4th Sep 2020
If Agents are supposed to be a key part of MTD, why do HMRC refuse to issue CGT forms to agents and instead insist the tax payer applies for the forms fills out the forms themselves?
We have had two instances of this in the past couple of months. It has been particularly difficult given that the new regulations require the CGT return is completed and tax paid within 30 days of the sale of a CGT asset.
One wonders if this is a matter of entrapment?
7th Jun 2019
Accountancy used to be simple honest work without problems. Look after your clients and get paid. The recent changes in regulation have introduced huge additional burdens on Practice as well as businesses they serve. One needs ask to what benefit to the Client?
To wit, we have clients who have very happily traded for decades on paper systems. They operate simple (but profitable) businesses. They really don't need computers and digital systems. MTD is imposing significant costs on them as well as stress for us setting it up before an arbitrary deadline.
The extra complication imposed by recent regulations have made the job unnecessarily difficult. Selling up begins to look like an attractive option. But I wonder who benefits when small practice is forced to give up and sell?