Thank you! I have seen this one but rather confused why only for excise goods? They are under separate legislation (and been always under different rules )
Wondering if this publication apply to all goods...
I got it but do they have to be "a director"? My biggest question is if they resign we could open an account in Santander easily as in reality there are only 2 directors who are genuine directors.
Yes first time happened to me as well- I worked in practice before and we never had full control over client bank account however I had CC of replay of Barclays business manager in Isle of White (now again why account was open there is a mystery for me as no sideways for tax avoiding) who confirmed that our company have to open a new bank account as we are not passing "a criteria". Did talked to external accountants -which is my former boss and they will do annual accounts +CT but they are puzzled as well. The service company has assured us to transfer the funds as soon as we open a new bank account and resign as a director. I am just trying to help my director in banking but all my contacts (and I have few) saying it is a very bad time ... Well need to find a solution without waiting list until Christmas. I really do not understand what is going on in the country proud to be the leader in financial services as banks used to fight over the clients and offer cashbacks/etc for a switch.
The problem is opening a new business account is a complete nightmare -I have tried all high street banks and some just not taking any applications and another have 6 weeks waiting list just to apply not for processing time. So we could use Santander but only with 2 directors. The best an simple solution would be just an open a new business bank account but not during COVID pandemic apparently. The third party is a genuine director -they really just secretarial/ booking services company registered with a company house so they would need to resign but they said they cannot do it at the moment as they will not have an access to the bank. The bank account is operated by the third party on our company instructions so the funds belongs to our company. No we cannot operate our bank account- we dont have an access to it and given instruction to them what to pay.
I did suggested a trial but it was rejected. We dont "put" sales and purchase invoices to Sage and wont be to Xero- this part will not change. We use 2 separate modules for purchase and sales invoices and an upload is simple. I am more concern re VAT reconciliation and general ledger approach and all my valuable history of communications with customers saved in Sage.
Well my sales Leger clerk been sacked yesterday and I found out they are being interviewing people for this role beyond my back. "Implementation expert" was on site all day and never spare a word with me. The picture is clear for me- have 2 job interviews next week was surprised by employment market response considering the hard time.
Ha this is exactly my point as there is no problem to made a change but it will be me working stupid hours with no overtime paid to make it works and sorting out daily issues which no doubt will occur.
My answers
If anybody interested HMRC published official confirmation on 17/12/20
Thank you! I have seen this one but rather confused why only for excise goods? They are under separate legislation (and been always under different rules )
Wondering if this publication apply to all goods...
5.3 line on page 14 on
https://ec.europa.eu/info/sites/info/files/brexit_files/info_site/guidan...
And Q&A number 7 from
https://www.accountancyeurope.eu/publications/vat-customs-duty-and-brexi...
I got it but do they have to be "a director"? My biggest question is if they resign we could open an account in Santander easily as in reality there are only 2 directors who are genuine directors.
Yes first time happened to me as well- I worked in practice before and we never had full control over client bank account however I had CC of replay of Barclays business manager in Isle of White (now again why account was open there is a mystery for me as no sideways for tax avoiding) who confirmed that our company have to open a new bank account as we are not passing "a criteria". Did talked to external accountants -which is my former boss and they will do annual accounts +CT but they are puzzled as well. The service company has assured us to transfer the funds as soon as we open a new bank account and resign as a director. I am just trying to help my director in banking but all my contacts (and I have few) saying it is a very bad time ... Well need to find a solution without waiting list until Christmas. I really do not understand what is going on in the country proud to be the leader in financial services as banks used to fight over the clients and offer cashbacks/etc for a switch.
The problem is opening a new business account is a complete nightmare -I have tried all high street banks and some just not taking any applications and another have 6 weeks waiting list just to apply not for processing time. So we could use Santander but only with 2 directors. The best an simple solution would be just an open a new business bank account but not during COVID pandemic apparently. The third party is a genuine director -they really just secretarial/ booking services company registered with a company house so they would need to resign but they said they cannot do it at the moment as they will not have an access to the bank. The bank account is operated by the third party on our company instructions so the funds belongs to our company. No we cannot operate our bank account- we dont have an access to it and given instruction to them what to pay.
I did suggested a trial but it was rejected. We dont "put" sales and purchase invoices to Sage and wont be to Xero- this part will not change. We use 2 separate modules for purchase and sales invoices and an upload is simple. I am more concern re VAT reconciliation and general ledger approach and all my valuable history of communications with customers saved in Sage.
Well my sales Leger clerk been sacked yesterday and I found out they are being interviewing people for this role beyond my back. "Implementation expert" was on site all day and never spare a word with me. The picture is clear for me- have 2 job interviews next week was surprised by employment market response considering the hard time.
Dont think it will taken into considerations as MD already decided we are moving. Well seems like without me involved in this chaos.
Ha this is exactly my point as there is no problem to made a change but it will be me working stupid hours with no overtime paid to make it works and sorting out daily issues which no doubt will occur.