Member Since: 24th Apr 2014
23rd Oct 2019
I haven't missed your point. The point you make is just invalid and you are making further incongruous analogies.
When you engage a professional to look after your affairs and they have had to incur additional time legitimately in doing exactly that then there should very definitely be an expectation of a fee being involved.
There is nothing underhand going on here. The OP hasn't even taken any action yet but when sending the adjusted credit note will I'm sure make it very clear and open what the fee is and what it is for. If the client has any issues with it then they will be free to raise and discuss them. The OP can make the case that he feels it's a fair charge. If he doesn't really feel that then I'm sure he won't issue the charge in the first place and if the client really doesn't feel it's fair then I'm sure they will come to the correct conclusion together.
Simply deciding that it's immoral to do the above and akin with "preying on the elderly" is frankly bunkum.
23rd Oct 2019
The analogies here are quite inappropriate.
You aren't in a retail environment where there's an invitation to treat, you are engaged to look after this person's tax affairs and as such if that does end up involving preparing a submission to keep them on the straight and narrow then it's not unreasonable for there to be an expectation to receive a fee for your time.
Bill it, if they want to query it then it can be discussed. Unethical? Nonsense.
15th Aug 2018
-Send one more professional clearance reminder with a time limit.
-Call the current accountant on the deadline day or day before if no response received, just in case there are reasons. Although they should respond if so.
-Get a 64-8 in place, contact HMRC an explain the situation i.e. that the client has been ill, the incumbant accountants have been unresponsive etc. They will usually soft pedal on these daily penalties. They are used more as an incentive to bring things up to date than a punishment in my experience. Tell them the tax return will be in asap.
- Then gather the info and submit a complete return.
15th Aug 2018
I think the Institute would also look at the facts and accept that you were acting in the best interests of the client having not had a response to professional clearance plus reminder. It would be different if no professional clearance had been requested at all and the tax return was still within time.
25th Sep 2017
This is quite clear in Vat Notice 700
"15.8 Royalties and similar payments
If at the time when you supply services, you can’t work out the royalties that you will subsequently receive, and which are in addition to any amount already payable for the supply there will be a further tax point (either):
-each time you receive a payment
-issue a VAT invoice
whichever happens first"
When receiving PRS royalties it will therefore be the date of the PRS statement. It matters not if you have ceased trading or not, the royalties are undeterminable at the time of writing the song so future royalties are taxable when payable to the composer.