Member Since: 8th Feb 2013
4th Jan 2019
I am totally confused! A colleague of mine went to a Barclays Bank seminar on MTD and they said that bridging software and spreadsheets will not be allowed to be used by HMRC. I have a couple of clients who have IT PSC's who will have to close down next April because of the new rules on employment status. I was going to advise them to continue doing their VAT from April 2019 on spreadsheets using bridging software for that one year. Have they now got to purchase a VAT filing program. Interesting to hear John Stokdyk now having doubts about MTD coming in on Brexit worries. Hopefully somebody will come to their senses and drop the whole thing before an inevitable car crash! 80% of accountants are not prepared and I am one of them! 95% of small businesses who take no advice have not got a clue. BH
19th Apr 2018
I agree with Mgbachus that it could not have been a smooth process if it had to be posted twice! Hook must have too much time available. Better spent down the pub!
As I have commented before I am concerned about the accountancy profession rolling over to this ridiculous imposition. I have used IRIS for payroll in the past but not again as it is not user friendly. God knows what their accountancy package is like. Why hasn't HMRC publicised their plans to the general public? Simple because they are frightened it will not be accepted. The ordinary taxpayer will have to go to accountants and pay for something that will not bring more accurate recording.
19th Mar 2018
I cannot believe how the accountancy profession and, sorry to say Accounting WEB, have just rolled over to accept the introduction of MTD. The HMRC webinar that was held on the subject, which was attended by over 800 accountants came to the conclusion that over 70% of their clients were unaware of what is about to hit them. Well that is obvious because there has been no information on the subject relayed to the ordinary man on the street. I asked the question at that webinar why HMRC are not providing free software as they originally intended and the answer was that commercial software houses could produce this at limited cost to the taxpayer. Does not answer my question. If HMRC think that people will want to pay their tax upfront throughout the year then they are living in cloud cuckoo land.
What will HMRC do with all the data they gather. RTI was a complete waste of time and this is another tier of big brother watching over you.
19th Jun 2017
Totally agree Steve. Country is in a mess what with Brexit and this additional burden on our businesses is not the time. RTI was also a disaster and has not resulted in any benefit to the taxpayer so they should learn from that. Keeps civil servants in jobs though!
7th Apr 2017
Just at the time UK businesses have to grapple with Brexit and to worry where future business is coming from they have to cope with senseless MTD. There is no evidence that RTI has improved anything. UK committing red tape suicide!