Member Since: 13th May 2014
5th Apr 2017
Somewhere along the line, Government/HMRC has forgotten the promise to reduce red tape for small business. The Flat rate VAT scheme was introduced to do just that, which Mr Hammond has swept away completely ignoring why it was introduced. On line tax reporting was introduced in the early 2000's to make life easier for everybody and now with complete disregard for that that has been multiplied by 5 times. Most self employed or one man Limited Companies require Accountants or Agents to complete their tax returns so not only have HMRC increased the time required to do this work 5 times but in many cases the cost will increase 5 times.
So come on HMRC where is the help for small businesses in all this. Loctus is quite right about one return and declaration and with tax revenue higher than they have ever been, "if it ain't broke don't change it!" or is this another rouse to increase penalty fines for last reporting. HMRC are very good at that, just a pity we cannot reciprocate that. We had a recent apology from HMRC for taking over 12 months to reply to a letter!! Perhap we should issue a fine invoice to them for £500!!
You just could not make it up!!!!
9th Feb 2017
I have 36 self assessment clients and 31 businesses (mixture of limited and sole traders) what any of those clients know about excel spread sheets you can put in one sentence and because I came late in life to computers (72 this month) even though I have a degree in Banking I am self taught in excel and then it is only basic work, but am fully conversant with an accounting program. This all reminds me of the banking push to a cashless society indeed one 'think tank' in a major high street bank in the 80's was forecasting a cashless society by the year 2000. The problem with all this new advancements and systems thought up by high flying IT bods is that everybody overlooks the ordinary person or considers that eventually they will just fall out of the system! I am aware that quarterly reporting exists and works in the USA but why not just use the reporting service that we have? why do matters have to be complicated, we also know that the Government does not have a good track record in IT!!
8th Dec 2016
Before undertaking MTD, HMRC should get it own house in order. We are only a small Agency but if our experience with HMRC over the last 12 months is anything to go by certain sections are an absolute shambles. Complaint letters or even ordinary letters not answered for over 3 months and in the eventual response to a complaint letter our address spelt incorrectly together with a waffle of a reply, just recently Control of Good notice and a field officer visit for an amount overstated by £10K!! evidenced by HMRC's own letters prior to the Notice! and also 2 outstanding letter with HMRC concerning the situation that had been totally ignored. Eventually received a profuse apology saying the Control of Goods notice should never have been sent. Thats all well and good but if we make a mistake when submitting a return or are just one day late then penalties abound without the blink of an eye.
If our experience is anything to go by I hate to think what is happening across the country.
26th Sep 2016
As always it would be nice if HMRC could get the basic facts right. I have had 4 PAYE underpayment letters from HMRC for various clients all of which are incorrect. One client has had 2 letters regarding 2 separate allegations of underpayment, the first reply is now almost 4 months old with no acknowledgement by HMRC and on top of that they have now sent a letter saying that he has overpaid for the year 2010-11!!! which is again incorrect. I have a complaint letter waiting acknowledgment (sent over a month ago for bully boy tactics by HMRC demanding a repayment program be set up on the phone for alleged outstanding CIS payments they could not say when these happened but the computer said he owed the money so he had to pay. No time given to research even though had had not employed any subcontractors for over 2 years.
Honestly you could not make it up!!
Thank goodness I probably will have retired in the next couple of year
17th Jun 2016
Accountant should have served notice on the client under the terms of his engagement to sever the business arrangement and advised HMRC that he was no longer acting. I suspect there was more going on in the background than we are aware of